The amount of commercial real estate loans held by banks grew at the end of April, showing improvement for the first time in over a year. Banks burdened by troubled loans have been ridding themselves of their real estate debt, which they feel leaves them too exposed, at the same time that new lending has [...]
Interesting insights from The Business Insider:http://www.businessinsider.com/soros-the-commercial-real-estate-bloodletting-began-a-long-time-ago-2009-11
Time reports that "the bailout may be coming to your local mall." $1.3 trillion in loans to commercial properties come due between now and 2013 and at least half will not qualify for refinancing. So, the Federal Reserve and Treasury are looking at incentives to banks to extend existing commercial real estate loans. Read Time's report at http://www.time.com/time/business/article/0,8599,1893125,00.html
As commerical real estate and development loans come due, more and more commerical propety owners are worried about their ability to refinance these loans in the current lending environment. Commercial real estate borrowers and lobbyists have begun to approach Treasury Secretary Paulson and the Bush Administration about being included in some of the recent federal loan programs. Without federal help [...]
