Steve Peterson – Speakers Forum Interview

Steve Peterson CCIM, is the Broker/Owner of Infinity Investments which is a commercial real estate brokerage and investment firm based in Oakland, California. His focus and expertise is in apartment buildings, but he has experience in office and retail property as well, working as both a broker and principal. Steve has been in the commercial real estate business for 10 years both as an investor and a broker/agent. He started his company Infinity Investments in November 2009 amidst one of the worst real estate downturns in history; however the company has turned a profit each year.

He started in commercial real estate working for an investment firm raising capital towards the acquisition of large apartment buildings and small NNN leased retail property. Steve has raised over $10 Million dollars of equity capital for projects such as a 336-Unit Luxury apartment building in Houston, TX purchased for $24,000,000, a 248-Unit apartment building in Fort Worth, TX purchased for $5,000,000, a 4,000 square foot Lyon’s restaurant building in Turlock, CA purchased for $1 million, a $500,000 renovation of a tri-plex in San Jose, CA, a 24-unit building in Columbus, Ohio that required $500,000 towards the acquisition & rehab, a 58-Unit apartment complex being acquired for $1,050,000 in Columbus, Ohio, and the acquisition of a Promissory Note from JP Morgan Chase on a 5-Unit building in Oakland, Ca. Steve has also sold several large R.E.O. properties in Oakland such as an 81-Unit apartment complex from Chase, a 61-Unit apartment complex from Chase, a 31-Unit condominium project from Cathay Bank. Steve has closed several complex investment transactions such as eight different 1031 exchange transactions, and one 1033 exchange transaction which is when Eminent Domain is involved.