Commercial Real Estate Debt Won't Be the Next Shoe to Drop, Economists Say
Published at: retailtrafficmag.com
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Commercial Real Estate Still Alive but not neccessarily healthy
October 29, 2009
Banks and other lenders are ill equipped to operate a failed mall, office building or hotel, once they have foreclosed on this type of property.Shopping malls and other such buildings staying vacant brings no income and makes the property more difficult to sell.A good broker is the answer, One who can find a buyer, negotiate a sale and limit the damage to the bottom line and the structure, itself.
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Robert CanterPresident-FounderPerformance Realty Solutions, LLC
October 22, 2009
The folks quoted in this article have to be kidding. They must be the same people that didn't question the era of cheap money and low cap rates either.
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...If This Isn't A Shoe, Is It A Boot?
October 22, 2009
The only good news is that most of the loans in question were not securitized and spread through the financial system as cash-equivalent.The bad news is multi-faceted.To expect REITs to be able to stop the fall, is to rely on a frayed shoe lace.
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