Todd Heise and Heise & Co. recently acted as the buyer’s agent for the acquisition of a commercial property in the Dundalk area of Baltimore County, MD, located at the intersection of Holabird and Delvale Avenues. This freestanding building contains over 5,000 square feet of interior space and is situated on a parcel with an area of .36 acres. The building has retail and office areas, seven service bays, generous surface parking and great signage options. After the purchaser completes some upgrades the property will be offered for lease. The purchaser is looking forward to having another great business set up shop in this high visibility location.  

Heise & Co. was able to assist the buyer with the acquisition by performing the following:

• introducing the buyer to the attorney that prepared and negotiated the purchase and sale agreement;
• introducing the buyer to the title company that was able to perform a title search and identify title defects requiring cure;
• identifying companies to prepare an environmental site assessment (“ESA”) and a property condition assessment (“PSA”); 
• negotiating the terms of the ESA and PSA;  and
• assisting buyer with review of purchase and sale agreement and ESA and PSA results.

Dundalk is enjoying a renaissance and offers tremendous opportunities for commercial real estate investors to get in on the ground floor of some once in a lifetime opportunities. Call us at 410-276-1983 to set up your property search today. 

Oftentimes real estate investors experiencing struggles with investment properties do not consider a short sale as an option and believe that their only way out is foreclosure. Fortunately, this is not the case for Maryland commercial real estate properties.

Maryland Commercial Investment Property Short Sale 

Recently the founder of Heise & Co. assisted in the sale of a small portfolio of investment properties for a client The portfolio consisted of four properties that were located in Harford County, Baltimore County and Baltimore City. There were a total of seven outstanding mortgages on the properties and total loan balances exceeding $500,000.00.

 After months of hard work by everyone involved, settlement on the final property in the portfolio occurred and we closed this matter for our client. In the final outcome the lenders received less than $250,000.00, half of what was owed, and our client obtained releases of liens and waivers of deficiencies on all loans. Of note is that this client is gainfully employed and draws a strong annual salary, showing that even the seemingly impossible transactions are possible with the right approach and consistent effort.

If you are a real estate investor and find yourself needing to sell your Maryland commercial property at a loss, a short sale may be your best option.

Give our Baltimore-based commercial and residential real estate brokerage a call at 410-276-1983 to see how we may be able to help. 

​​For over fifteen years I practiced law as a founder and partner at the Baltimore, Maryland-based law firm Heise & Heise, LLP. The work I perform for my clients has been, and continues to be, very rewarding. I am extremely grateful for the opportunity to help my clients with their legal needs and assist them in achieving their real estate and business objectives.

And now I am excited to couple my existing legal practice with a new business venture that provides me with the opportunity to expand further on my knowledge of real estate law in this market.

Recently, I branched into the brokerage side of real estate and have become an associate real estate broker at Douglas Realty. I will operate through a separate entity within Douglas Realty, Heise & Co., that will focus on the following core areas:

• Commercial Real Estate Purchases and Sales;
• Assisting with Short Sales and Distressed Property Sales for commercial and residential properties; and
• Representing residential purchasers and sellers and offering them a portion of the commission as a rebate or a reduced listing commission.

I am taking this route for one simple reason, there is a need for good quality professional representation in these underserved areas. The way this new endeavor will operate will be very similar to the way my law firm operates. I will do my best to offer amazing customer service, sound strategy, personalized attention, quick responses and thoughtful answers. These are traits I look for when hiring someone and if you feel the same, call today and let’s work together.

Sincerely,

Todd Heise
T – 410-276-1983
https://heiseandco.com/

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