Dallas / Fort Worth, Texas - Commercial Real Estate Property foreclosures in North Texas have climbed 63 percent so far this year. Apartment complexes are among the hardest hit.
So far in 2010, 1,393 foreclosure postings were filed on Commercial Real Estate Properties in Dallas, Tarrant, Collin and Denton Counties.
The number of postings for Local Apartment Building Complexes has jumped 44 percent to 191. Office building postings increased 21 percent to 116. Most of the Apartments Buildings posted for foreclosure were older complexes.
On a more positive note, foreclosure postings for Retail Buildings and Single Tenant Net Lease Properties fell 13 percent to 110.
Many of the miscellaneous buildings are owner-occupied or single-tenant users who have been hurt more than most by the recession.
If you know someone in this position, we have an Investment Group looking to purchase Apartment Buildings. We would gladly look at your Apartment Complex or Triple Net Lease Properties for a purchase.
If you are a owner of an Apartment Complex and you would like to refinance, contact us HERE for a Non-Recourse Loan.