The Real Deal Miami

What’s the future of commercial real estate?

December 24, 2008 03:10PM


CNN’s Allan Chenoff yesterday looked at what’s in store for commercial real estate loans in 2009.
Over $400 billion in mortgages on commercial properties, including office towers and shopping malls, are scheduled to come due by the end of 2009. Even if these properties are performing well, they could go into foreclosure if mortgage holders are unable to pay off the loans. Real estate investors have asked for a federal bailout to stem problems with commercial mortgages.