You’ve probably heard that investing in Commercial Real Estate (“CRE”) can be lucrative, and you are right. It can be even more lucrative if you are able to identify and purchase commercial real estate at foreclosure prices.
Let’s begin with the definition of a tenant estoppel. In the commercial real estate world, these are common. It is a certificate or a letter that may be required during the due diligence phase or the underwriting process.
Once you have identified a commercial real estate asset to purchase, the due diligence period begins. Verification begins with everything, including taxes, insurance and common area maintenance (CAM).