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Commercial Real Estate Lending Partners
   
 
 
 

Distressed Debt Buys

Palisades Financial is looking to capitalize on opportunities in the commercial real estate market by acquiring distressed and defaulted mortgage notes secured by commercial real estate. The firm also acquires any other debt-like securities backed by commercial real estate mainly in the northeast corridor of the United States. We are looking to acquire as well as finance the acquisition of performing and non-performing loans from lenders or other note holders looking to clean up their balance sheets.
Recent Transactions
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Palisades Financial acquired a 70% occupied 50,000 SF Class “A” office building with direct access to the George Washington Bridge for $6,800,000 . It is estimated that once stabilized at 90% occupancy, the net operating income (before debt service) can reach $560,000, resulting in returns of over 19%.
PO Box 995 · Tenafly, NJ 07670 · 201-894-8833 · Fax 201-894-8833 · inquiries: info@palfi.net