Commercial Real Estate On Cusp Of Crisis: Report

Law360, New York (February 11, 2010, 2:35 PM EST) -- Close on the heels of the residential real estate mortgage market meltdown, an impending crisis in commercial real estate could bleed as much as $300 billion from banks and trigger hundreds of failures without swift action by federal officials, according to a congressional report released Thursday.

The Congressional Oversight Panel reported that a substantial crisis developing over the next few years in the $6.7 trillion commercial real estate loan market could have grave consequences across the economy, triggering more commercial foreclosures, imperiling jobs and homes, reducing...
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