Jul
28

Almost $165 Billion In Commercial Loans Due In ‘09

By
– Bloomberg

Almost $165 billion in U.S. commercial real estate loans will mature this year and need to be sold or refinanced as rents and occupancies fall, according to First American CoreLogic.

The U.S. South has the most maturing loans with 60,893 mortgages valued at $96 billion coming due on shops, offices, hotels, apartment buildings and land, Santa Ana, California- based First American said in a report. The West is second with 20,549 mortgages maturing for a value of $35 billion.

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http://www.bloomberg.com/apps/news?pid=20601087&sid=af7Qkovhhoa0
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