Well can anyone tell me if there are title companies that close nation wide on commercial property. i.e i find a deal in philly but i reside in florida.I ask that because when i get seller financed deals i want to be able to go to one escrow and title company(one stop shop) that can close the deals. if so is the process the same just different with state regulations?

Welcome to BP Nation Jak - you've come across the ultimate real estate resource!!

Welcome to BP Nation Julie.I love San Diego, fun place to go!

Ive contacted as many mortgage brokers over there as I can find and all of them give flat out no on foreign nationals even though the deals I've looked at pay for themselves.Been looking at unit blocks with 5-10 units in them.

Welcome to BP Nation Jeremy ... you're right, this is the best RE site around!!

There are very few good, national transactional lenders.

The % occupied is WAY below current national avg.

Welcome Annelise ... nice to have another addition from the Great NW join BP Nation!!

They are asking 2,800,000 to which I say they are insane.In a situation like that you have to finish out the space for the tenants,lease concessions for being off the corner and not anchor weighted to drive traffic.Once you run the numbers they are way overpriced.They tell me my numbers make sense but they just can't take that kind of hit right now.So banks go through a process before they are ready to be realistic.The commercial side is very different from the residential side in that the loss amounts are usually much greater to the bank.Big national banks with asset managers have hundreds of files to work and use a listing broker.Typically they take 10% of list price with markdowns every 21 to 45 days depending on the bank.I used to track which banks got real aggressive with list price.Bank of New York Melon would always dump really cheap and other banks would overprice and take a really long time to get realistic.So by collecting this data you know what you are up against when the property hits the market.

But they do have some distinct advantages, especially if you have a business that is national in scope.