Commercial Bank Owned Properties

Save On Properties Commercial REO Division specializes in commercial REOs, which are going to be the new waive in real estate investment for the next several years. These commercial properties are being sold at a deep discount and will be the investment of the future.

We specialize in Multifamily, Office Buildings, Retail, Shopping Centers, Failed Development/Condo Projects, Land, Marinas, Industrial, and Mixed Use properties. Some of our inventory consists of construction projects that are partially completed & failed condo conversions.

These properties are directly from the banks and are trading at a substantial discount, therefore providing a tremendous upside opportunity. Almost all transactions are all cash purchases, and typically have a 14 day due diligence period which is followed by closing shortly thereafter.

Our group has over 20 years of combined commercial real estate experience and will work with you to determine which type of investment best suits your needs.

At Save On Properties, we have direct contacts with lenders (no daisy chains) and are able to get investors the information that they require in a timely fashion to get their offers accepted & deals closed. Proof of funds, a Bio and a Legitimate LOI will get the process started.

Please contact one of our representatives for more information.

The Foreclosure Commericial REO Buying Process
A brief explanation of the process for buying commercial REO properties is described below.

Execute the Mutual Non-Circumvention/Non-Disclosure/Non-Solicitation Agreement and complete the Investor's Profile sheet.
A member of Save On Properties Commercial REO Division will contact you to discuss your personal investments goals, to allow us to determine what properties suit your specific needs.
We will forward a list of properties that fits the investor's criteria for review.
Upon selecting a potential investment, we will prepare a Letter of Intent (LOI) to be submitted to the lender. Along with the LOI, each investor will be required to submit proof of funds (POF) and a Bio. Lenders will not consider any offers without these things. Typical terms for an offer are a 14 day due diligence period and a closing within a week afterward. Along with the LOI, the buyer will execute a commission agreement regarding the commission to be paid by the buyer to Save On Properties Commercial REO Division
Once the price/terms have been agreed upon between buyer and seller, a formal contract will be drawn which will begin the due diligence period. At this point, the lender will provide all available due diligence materials such as leases, surveys, Phase I environmental reports, appraisals, etc. Please bear in mind that with many of these REOs, there is limited information available and it is the buyer's responsibility to do it's own due diligence on the acquisition.
Title is conveyed to the buyer and escrow is closed.

Please Contact a Save On Properties Commercial REO Agent for more information at 888.500.0049.