One mans trash is another mans treasure. Here is a report to mull over, for those with cash and/or financing facilities. Is the glass half-full or half empty? Depends ….

As reported by the Baltimore Business Journal, the Baltimore-Washington, D.C. region ranks fifth in the nation for metropolitan areas hardest hit by the nationwide credit crunch, with more than 160 properties in financial trouble or at risk for foreclosure, according to a new study.

Industry research firm Real Capital Analytics — tracks data including real estate property sales across the nation, which was created to identify investment opportunities for interested buyers — identified the following staggering information: 

• 162 distressed or potentially troubled assets in the region, representing more than $4 billion in commercial real estate.

• The study notes at least 20 metropolitan areas across the country are facing $1 billion or more in financially troubled properties.

• Of the 162 properties identified 17 are distressed properties, which can mean their mortgages are in default, delinquent or a foreclosure notice has been filed.

• Another 145 properties were identified as being potentially troubled, meaning the owners of those sites are having financial trouble or facing mortgages coming due in the near future but not yet in or facing foreclosure.

Tags: Baltimore Commercial Credit Crunch

Posted in Delinquency Rates, Cresession, Foreclosure, Economy, CMBX, Developers, Commercial Title Companies, Market Trending, Historical Perspective, Commercial Real Estate | No Comments