jump to navigation

CMBS Loan Losses & Receiverships on the Rise March 9, 2010

Posted by Sean Tufts in Articles, Retail News.
Tags: , , ,
trackback

There are two interesting articles out today in Retail Traffic and National Real Estate Investor.  We are starting to see many more REO, note sales, pre-foreclosures, and deed in lieu deals in the Puget Sound area.  Properties are finally being written down to current market/appraised value, which is allowing lenders to finally start getting some of the debt off of their books.  These two excellent graphs give you an idea of what is coming. 

So far, only a small percentage of the currently defaulting loans have been addressed.  Many more properties are expected to lack the ability to refinance as vacancies have skyrocketed and rents have dropped dramatically.  Below you can see the percentage loss as new appraisals are realized.

I recommend both articles here and here.

 

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: