A non-performing note refers to a commercial property that can no longer financially sustain itself and subsequently defaults on its mortgage debt. The banks are eager to turn a non-performing note into a performing asset again so they price the asset more aggressively to entice a potential seller.

Non-performing notes are extremely enticing because an investor can potentially acquire property for a very attractive price. High unemployment, reduced bank lending and increased vacancies suggest that more performing properties will become non-performing notes.

Through establishing and maintaining close relationships with national and local lenders American Investment Properties has a large portfolio of non-performing notes that is constantly updated.

Lenders depend on us to maximize liquidity and mitigate loss.

For assets in foreclosure or distressed status, our advisory services assist lenders and buyers in strategic planning and timing for action - to hold, improve or pursue a short sale, whole loan sale or foreclosure.

We provide guidance on property valuations in advance of foreclosure auctions, ensuring optimum decision-making during the bid process.

American Investment Properties is often the first choice for investment bankers and mortgage companies looking for exits for their loan assets in light of the depressed mortgage backed security markets, commercial bankers looking to take "classified assets" off their balance sheets and all types of lending institutions looking for liquidity and fair pricing levels.

For more information regarding Special Asset Services at American Investment Properties please contact Vice President William Katz.