the power is now
DRE#01746140 | Oakland
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 15 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 & economic 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. Also, he has closed several commercial transactions that involved sellers who sold the property and then leased it back, sellers that have used creative financing techniques such as wrap- around mortgages, seller financing, rental credits, land contracts and lease-options.
As an Investor, Steve has extensive experience in flipping properties as well as acquiring rental property for the purposes of producing income. Steve has done so primarily by finding quality deals that that are usually not listed on the public market and then identifying investors that have an appetite for the existing deal. Having been born and raised in Oakland, CA and attended San Jose State University from 2000-2004 majoring in Finance, Steve is a Bay Area native who has clients, colleagues and associates from the Silicon Valley to the Peninsula, and all throughout the East Bay.
Steve has earned the CCIM (Certified Commercial Investment Member) designation which is the highest designation in the commercial real estate field, and served as the President of the NorCal CCIM Chapter in 2018. Steve also became President of the Associated Real Property Brokers (ARPB) from 2015 to 2016, the Oakland REALTIST Chapter of NAREB (National Association of Real Estate Brokers) the oldest Minority Trade Association of any kind in the United States. Finally, he was also the President of the California Association of Real Estate Brokers (CAREB) in 2017 & 2018.