After disappointing August 2010 residential home sales results (sales were 25.5% below July 2009 numbers) here comes commercial real estate market. There is some $1.4 trillion of commercial real estate debt coming due by the end of 2014. About 52% of those commercial mortgages are attached to properties that are underwater, according to debt-analysis company Trepp LLC. And as the economic recovery sputters, owners of struggling properties are realizing a big property-value rebound isn’t imminent. This data can be easily supported with Fitch Ratings latest findings in commercial mortgages.
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Troubles For Maturing Commercial Loans