Pat Blount is the most experienced professional in the world of distressed commercial real estate and distressed commercial paper that I have ever met.
And I have met a lot of people…
Pat has been in the business more than 36 years he’s worked for the biggest players on the planet and there was a time period during which he flew to and visited with more than 2,000 banks helping them to cleanup their balance sheets selling their non-performing debt.
Pat syndicated hundreds of rental homes in the 80s, he ran his own note brokerage, he worked at the biggest seller of paper there is, he was the director of acquisitions for a $3 billion dollar fund, and now he’s launching a bank-to-bank trading platform.
Pat has graciously permitted me to repost his opinion on the state of the commercial real estate market here on the blog.
Attached below is Pat’s State of the Distressed Commercial Real Estate Market Q1 2014.
Please enjoy and if you have something you want to say or a question to ask please leave it in the comments.
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