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The Next Shoe to Drop
Tuesday, November 10, 2009It's the commercial market. The problems are on multiple fronts. Barclays Capital tagged the number at $6.4 billion of commercial real estate investments that would not qualify for refinancing the first 10 months of 2009. There's $1.7 trillion (with a T) of commercial loans sitting on banks' books. And 30 U.S. big cities have at least $1 billion of troubled loans.
So, unlike residential, this rea...
Original article from http://feedproxy.google.com/~r/UrbanTrekkerBlog/~3/ClO0Oh8nx5c/the-next-shoe-to-drop.html
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