Structures initially acquired through financing that subsequently revert to the lender due to borrower default and are designed for ease of relocation, found in geographically proximate locations, represent a distinct market segment within the broader portable building industry. This segment offers opportunities for acquisition at potentially reduced costs compared to newly constructed or previously owned structures sold through conventional channels. Consider a scenario where a business owner defaults on a loan secured by a portable office building; the lender reclaims the building and offers it for sale within a specified radius of the original location.
The significance of these types of buildings lies in their affordability and immediate availability. For budget-conscious individuals or organizations requiring temporary or semi-permanent space, such structures can provide a cost-effective alternative to renting or constructing new facilities. Historically, the availability of these buildings has fluctuated with economic cycles, increasing during periods of economic downturn and decreasing during periods of growth, reflecting changes in loan default rates.
