News
THE MONEY HAS BEEN SHOWN
January 25, 2011
| Don't buy into all claims that userscan't access capital to acquire buildings, says MacKenzie Commercial's Mike Spedden, who announced a $1.9M sale of 1405 Parker Rd in Halethorpe to E2CR Engineers yesterday. |
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| Public records show that the 57k SF property received a loan for the full sale price from Wells Fargo and was under contract for 30 days. Mike repped a bankruptcy court appointed trustee and says he closed a comparable deal around nine months ago when he brokered the sale of 1301 Constance Ave in Baltimore for $1.6M. (Similarly, user World Recycling bought a 55k SF industrial property, 2730 Wilmarco Ave, in Baltimore from Monroe Holdings yesterday for $1.8M.) Mike thinks low prices make an ideal market for users to invest in real estate, and he says banks are willing to loan to strong companies. |
