openPR Logo
Press release

CPR Commercial, LLC Announces Commercial Real Estate Distressed Solution Program

09-19-2011 08:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CPR Commercial, LLC

/ PR Agency: Tess Tacket
CPR Commercial, LLC is pleased to announce the CREDS, or Commercial Real Estate Distressed Solution program. This program is designed for distressed borrowers who desire to avoid foreclosure on the COMMERCIAL properties they own, OR who simply want out for personal reasons. According to Don McClain, President and CEO of CPR Commercial, the company will acquire the property via a short sale purchase transaction OR acquire the mortgage NOTE from the lender, offering the original owner a Right of First Refusal with a Re-purchase agreement for a period of up to 3 years to buy back the property once they are financially stable again.

This program can potentially help owners of distressed commercial properties avoid facing FORECLOSURE and DEFICIENCY JUDGMENT that may have a negative and severe impact to their credit. With the CREDS program, distressed borrowers can expect a reduction in their original principal loan balance(s) by 20% to 50%. This service also includes facilitating an EXIT conventional loan or similar exit financing via CPR Commercial's lending partners.

McClain states that "This is an excellent program for a commercial property owner seeking an alternative to walking away, being foreclosed on or getting a judgment. I am certain this will be a hugely successful program for us and our clients." The sponsor has the option of partnering with CPR Commercial or purchasing the property back at the new basis; this will help the sponsor to avoid foreclosure, deficiency judgment or bankruptcy.

CPR Commercial will consider properties across all 50 states, including any property type that has a reasonable exit strategy. Deal sizes range from small to large, beginning at $1,000,000 and going up to as much as $100,000,000. Those interested are urged to request more information at info@cprcommercial.com, or to visit the company website at www.cprcommercial.com.

CPR Commercial, LLC is the nation’s leading commercial real estate debt resolution company. By providing commercial capital solutions, CPR offers strategies for commercial property owners, developers and banks across the nation. Also working with a network of real estate professionals, CPR trains these realtors in how to assist those in the distressed commercial real estate industry. Based in Houston, Texas with offices in Los Angeles and Charlotte, CPR Commercial offers debt, equity, joint venture, property purchase and capital restructuring.

Commercial real estate properties, large and small, are facing unprecedented challenges in the coming years. With nearly $3.5 Trillion dollars of commercial real estate debt in default or maturing in the next five years, property owners are faced with challenges on how to address maturing loans, underwater properties, broken developments, and lenders who cannot assist.

CPR Commercial, LLC provides answers and solutions and brings commercial real estate back to life.

Contact CPR Commercial, LLC today for a free consultation.

CPR Commercial, LLC
9595 Six Pines Blvd., Suite 8210
The Woodlands, Texas 77380
281-436-6062

Press Agent - Tess Tackett

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CPR Commercial, LLC Announces Commercial Real Estate Distressed Solution Program here

News-ID: 192273 • Views:

More Releases from CPR Commercial, LLC

Nationwide Commercial Real Estate Distress Firm Secures Niche in Church/Religiou …
CPR Commercial, LLC has recently secured a niche in the distressed church/religious facility market according to Don McClain, President & CEO of the company. According to McClain, "There are over 450 church loans maturing in the next six months alone. These people need assistance and guidance on the best way to handle that situation". There is a tremendous need for places of worship who need assistance with
Commercial Real Estate Solutions Provider Announces Addition of Los Angeles and …
CPR Commercial, LLC is continuing to expand and proudly announces two additional locations, one in Los Angeles, California and another in Charlotte, North Carolina. Don McClain, President & CEO of the company states "By being strategically located around the nation, we can offer the maximum assistance to both property owners and banks". According to McClain the western region office, located on Wilshire Boulevard in West Los Angeles will
Leading Commercial Real Estate Solutions Company Seeks Commercial Investment Opp …
CPR Commercial, LLC announces that commercial investment opportunities are currently being sought nationwide. The company, based in Houston, Texas with offices in Charlotte and Los Angeles, is the nation's leading commercial real estate debt resolution company. Owners of commercial properties can be saved from foreclosure or repossession through effective exit strategies. Many commercial properties are now under water due to a 46% depreciation on average in commercial
CPR Commercial, LLC Adds Commercial Real Estate Debt Restructuring to List of Se …
Don McClain, Principal at CPR Commercial, LLC, announces that the company now offers commercial real estate debt restructuring to the long list of services offered. According to McClain, CPR Commercial is able to offer clients unparalleled service to those facing issues such as properties that are underwater, maturing loans and loans that banks are forcing pay-offs on by partnering with the nation's largest debt restructuring firm. With more

All 5 Releases


More Releases for Commercial

Global Commercial Aircraft Market, Global Commercial Aircraft Industry, Covid-19 …
North America was the largest region in the global commercial aircraft market, accounting for 60% of the market in 2019. Asia Pacific was the second largest region accounting for 15% of the Global Commercial Aircraft Market. Eastern Europe was the smallest region in the global commercial aircraft market. Aircraft fleets in mature markets around the world are aging rapidly and with growing demand from airlines and fleet operators for fuel-efficient aircrafts,
Commercial Vehicles Market Report 2018: Segmentation by Type (Light Commercial V …
Global Commercial Vehicles market research report provides company profile for Volkswagen, Honda, Nissan, Peuggeot, FIAT, Foton, Dongfeng Motor, BMW, Daimle, Toyota, General Motors, Ford and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
commercial refrigerator
"On the initiative of Şeyda Yalçın, buzrefrigeration which is based on Buzçelik brand (1982); began to serve refrigeration sector to provide products and consultancy in Buzcelik Company located in Konya Industry Area. Our company, which owns commercial refrigerators, industrial cooling systems, shop and market equipments and commercial ovens, having developed its portfolio in a short time has delivered service quality to all world, especially Israel, England, Tunisia, Lebanon, France, Germany. " "On
Commercial Refrigeration Equipment Market : Demand for Commercial Refrigeration …
Commercial refrigeration equipment are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C). Commercial refrigerators are largely used for food and beverage storage and merchandising purposes. Commercial refrigeration equipment is expected to witness strong demand globally, especially due to growing frozen and processed food consumption. Commercial refrigeration equipment is commonly used at
Commercial Building Automation Market - Boosting the Commercial Building Automat …
One of the major factors driving the market for commercial building automation is increasing demand from key end user such as retail, healthcare, offices and hospitality sector among others. According to UNEP (United Nations Environment Program), buildings contribute to about one third of the total greenhouse gas emissions, mainly due to the usage of fossil fuels. In addition, a slow but gradual evolution of IoT sensors based technology has resulted
Leading Commercial Real Estate Solutions Company Seeks Commercial Investment Opp …
CPR Commercial, LLC announces that commercial investment opportunities are currently being sought nationwide. The company, based in Houston, Texas with offices in Charlotte and Los Angeles, is the nation's leading commercial real estate debt resolution company. Owners of commercial properties can be saved from foreclosure or repossession through effective exit strategies. Many commercial properties are now under water due to a 46% depreciation on average in commercial