Do you buy OREO property as-is?

Yes. We buy bank-owned commercial property in its current condition. We do not ask the bank to make repairs or credits after an offer is agreed.

How quickly will we get a written offer?

Within 2 business days of receiving the property information. The offer is in writing so it can go in the asset file.

Do you need financing to close?

No. We buy with our own capital from $250,000 to $3,000,000 per asset and there is no financing contingency.

How long does closing take?

Thirty days is typical. We can close faster when title is clear, or later if the bank needs time for approvals.

Will you keep the sale confidential?

Yes. We do not market the property or the bank's name, and we deal directly with the special assets team and its counsel.

Which areas do you cover?

Rockland, Orange, Sullivan, Ulster and Westchester Counties in New York; Bergen and Passaic Counties in New Jersey; Fairfield County in Connecticut; and the broader tri-state area case by case.

For bank special assets and OREO officers

Direct buyer for bank-owned (OREO) commercial property in NY, NJ and CT.

Belcz Group buys bank-owned commercial and multifamily property from $250,000 to $3,000,000, as-is, with our own capital and no financing contingency. Send the file and we respond with a written offer within 2 business days, which you can place in the file to document ongoing disposition efforts.

Why banks call us

A written offer you can document in the asset file, not a verbal range.
As-is purchase: no repair requests, no inspection-based retrades.
Our own capital and no financing contingency, so the deal does not depend on a lender.
A quiet, confidential process with one decision-maker, Michael Belcz.
Thirty-day closings are typical; we can also work around board or committee calendars.

What we buy

Retail and strip centers, 2,000–40,000 SF
Office and mixed-use, 2,000–25,000 SF
Multifamily, 5–50 units
Single-tenant, owner-user and special-use buildings
Former bank branches and vacant or distressed property

Note sale or OREO sale?

If the asset has not gone through foreclosure yet, a note sale may be the faster exit. We buy single commercial loans from $250K to $3M, performing or non-performing. If the bank prefers to finance the buyer, we can also structure a seller-financed OREO purchase.

How it works

Send the information

Share the address or loan description and whatever documents you have. Partial files are fine.

Receive a written offer

We review it directly and send written terms within 2 business days of receiving the information.

Close as-is

Thirty days is typical, faster when title allows, or on your timeline. No financing contingency.

Frequently asked questions

Do you buy OREO property as-is?: Yes. We buy bank-owned commercial property in its current condition. We do not ask the bank to make repairs or credits after an offer is agreed.
How quickly will we get a written offer?: Within 2 business days of receiving the property information. The offer is in writing so it can go in the asset file.
Do you need financing to close?: No. We buy with our own capital from $250,000 to $3,000,000 per asset and there is no financing contingency.
How long does closing take?: Thirty days is typical. We can close faster when title is clear, or later if the bank needs time for approvals.
Will you keep the sale confidential?: Yes. We do not market the property or the bank's name, and we deal directly with the special assets team and its counsel.
Which areas do you cover?: Rockland, Orange, Sullivan, Ulster and Westchester Counties in New York; Bergen and Passaic Counties in New Jersey; Fairfield County in Connecticut; and the broader tri-state area case by case.