Over $100 Billion of Commercial Property in Jeopardy of Default
The New York Real Estate Times reports: Real Capital Analytics released a report indicating over $100 billion, in nationwide commercial property, is in danger of going into default or foreclosure, according to the New York Times. Much of the commercial property, in gravest danger of default, began the downward spiral after the fall of investment giant Lehman Brothers. Out of $100 billion in commercial property, approximately $20 billion is in the beginning stages of foreclosure or delinquent on loans.
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Posted by: Nina Turner