Exotic-loan resets could hit commercial market
By Sandra Baker / Star-Telegram
September 27, 2009
An increasing number of commercial property loans may go into default in the coming months, as interest-only loans that were issued in the past several years reset, an industry expert said.
"There’s a massive amount of these loans ready to hit market," said Ben Loughry, managing partner of Integra Realty Resources in Fort Worth and Dallas. "The commercial real estate bubble is continuing to grow."
Loughry spoke at last week’s monthly meeting of the Society of Commercial Realtors.
Moreover, commercial sales are down nationwide by 90 percent and locally by 70 percent, he said.
Full Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment