Commercial Real Estate Delinquencies & Defaults on the Rise

Commercial Real Estate Delinquencies & Defaults on the Rise

February 1, 2010 by Victoria Stankard · Leave a Comment 

Although the U.S. housing market is showing glimmers of recovery, the commercial real estate sector is another story. The weak economy, rising unemployment rate, falling real estate values and more stringent than ever underwriting standards have made refinancing much more difficult for commercial real estate property owners.   Phillip F. Blumberg, chairman of Blumberg Capital Partners, says [...]

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