TAMPA, FL—There are profits to be had buying problems loans—but there are also plenty of problems to be had. Should you take the risk?
That depends, in part, on your risk appetite. One key to making smart problem loan acquisitions is due diligence.
GlobeSt.com talked to real estate attorney Ron Cohn of the Arnstein & Lehr firm's Tampa office. He specializes in helping lenders reduce their commercial real estate-related risk from a legal perspective, while working on a lender's behalf when a commercial loan goes into default. You can still read part one of this exclusive interview: Will This Lending Strategy Become the Norm?
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