- Commercial Loan Defaults on the Rise

Posted by Clarke on March 27, 2009 under Good Info - Read It | Be the First to Comment

With loan defaults rising, analysts say the struggling commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s.

Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen sharply in recent months and are likely to soar through the end of 2010 as companies lay off workers, downsize or shut their doors. Read more of this article »