San Francisco’s office market is in trouble, with foreclosures looming larger than ever.
With remote work becoming the norm for tech employees, office spaces are now a prime target for distressed investors looking for deals.
Meanwhile, multifamily borrowers who’ve been struggling are finally seeing a little light at the end of the tunnel, thanks to Fed rate cuts.
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These cuts are providing a much-needed breather for underwater investors, offering them a chance to regroup.
But as they try to recover, savvy investors are already circling, ready to snap up bargains before things stabilize.
Elsewhere, KPG is staring down a potential loss on its Soho office building, and the mortgage refinance boom is making distressed deals harder to find.
But if you’re in the flipping game, the second quarter brought plenty of returns in places like Boise and Albuquerque.
There’s still hope for distressed investors, though—someone always overplays their hand.
In this edition of the AltReports:
🏢 Building Bust
🔄 Multifamily Makeover
⛔ Project Plunge
🏃 Refinance Rush
📈 Flipping Fortunes
Video of the Week: Mortgage Rates Going Back Up!
Chart of the Week: Residential Real Estate Market Snapshot
Podcast of the Week: From Multifamily to Self-Storage
SF Offices at Highest Risk of Foreclosure in Nation, Study Finds
San Francisco's office market is on life support, folks. With foreclosures looming large, it's like a clearance sale for distressed investors—everything must go! Tech bros working from home? Great! It’s now a buffet of distressed assets for the savvy scavenger.
Underwater Multifamily Borrowers See Chance For Off-Ramp With Fed Rate Cuts
The Fed decided to throw a bone to struggling multifamily borrowers. Interest rate cuts have given these folks a chance to catch their breath, maybe even stop that sinking ship. Investors, it’s time to swoop in before these guys figure out how to stay afloat.
KPG looking at loss on $52M Soho office building sale
KPG thought they were buying a golden ticket with their Soho office building, but now it’s looking more like fool's gold. With refinancing hopes dashed, they’re left holding the bag—one that might be on sale soon. Distressed investors, start your engines!
Mortgage Refinance Boom Takes Hold, as Weekly Demand Surges 20%
Homeowners are racing to refinance like it’s Black Friday, and the mortgage industry is cashing in. Good news for them, but it might mean slim pickings for those hunting distressed deals. Keep an eye on this frenzy—some might still trip on their way out.
Top 10 U.S. Metros with Highest Increases in Home Flipping Returns in Q2
House flippers are popping champagne as returns soar in places like Boise and Albuquerque.
Great for them, but for distressed investors, it’s like showing up to a party after all the good snacks are gone.
Don’t worry—there’s always someone who overdid it and will need a quick exit.