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Abood speaks at the 4th Quarter 2009 Real Estate Perspective
» Thursday, December 03, 2009
Over 150 bankers, lawyers, brokers and commercial real estate professionals were on hand at the Doubletree Hotel in Independence on November 17, 2009 to find out "Where does the commercial real estate industry stand today...and tomorrow?" Mark S. Abood, a licensed attorney and real estate salesperson with Chartwell Group, LLC, discussed strategies for handling distressed asset management and disposition, receiverships and accelerated marketing (auction) techniques. He answered questions relating to current market trends and shared perspectives on the 2010 outlook and beyond.
"Analysts predict that over $500 billion in commercial loans are going to mature in the next 12 to 18 months. Many of those borrowers are not going to be able to refinance due to the credit freeze, which will send billions of dollars in commercial real estate into default in a very short period of time. Lenders and owners will need guidance from consultants with strong knowledge in real estate, finance, property management, receiverships and law to navigate the sophisticated and complex issues facing distressed property in the northern Ohio market."
The 4th Quarter 2009 Real Estate Perspective was sponsored by Midwest Real Estate News, Taft Law, RSM McGladrey & Resource Title.
To learn more about Mark Abood's presentation, please call or email:
Mark S. Abood
Vice President of Development & Investments
Chartwell Group, LLC