The Real Deal Miami

Industry leaders fear increase in commercial real estate loan losses

By Michael Stoler | March 31, 2009 12:35PM

From the New York Web site:
A number of banks in the United States are worried about potential
defaults on their outstanding loans in the commercial real estate
market. According to articles on and Bloomberg, the country’s
10 biggest banks have a total of $327.6 billion in commercial
mortgages, which could prompt a wave of defaults as a result of
increased office vacancies and bankruptcy of retailers.