Bill Hoffman’s business goes up as the performance of commercial real estate loans goes down. With more than $1.4 trillion in commercial real estate loans slated to mature between 2012 and 2015 and many borrowers still underwater, the CEO of Trigild, a San Diego-based distressed real estate, loan recovery and receivership specialist, fully expects his business to continue thriving.
Unlike lenders and investors, Hoffman doesn’t lay awake at night worrying about the euro debt crisis or the ripple effects of an economic slowdown in China. “I hate to say that because we sound like an undertaker. I prefer that you think of us as an emergency doctor. You’ll never want to see us, but when you need us we’re there,” Hoffman said half-jokingly during a panel discussion Thursday morning at the National Association of Real Estate Editors (NAREE) Conference in Denver. Hosted at the historic Brown Palace Hotel downtown, the panel discussion was titled, “Commercial Real Estate: The Crash That Never Happened?”
Read more...COMMERCIAL REAL ESTATE RECOVERY FAR FROM COMPLETE, SAYS NAREE PANEL via REBusinessOnline.com