Word: reals
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...recent report by the Congressional Oversight Panel chaired by Harvard Law School professor Elizabeth Warren predicts a wave of commercial real estate loan failures that could jeopardize the stability of many banks, particularly mid-size and smaller banks...
Associate Vice President of Harvard Real Estate Services James W. Gray said that while he agrees commercial real estate markets are stressed, the situation is less dire in Cambridge...
...Over the next four years, a wave of commercial real estate loan failures will add to the pressures on the struggling American economy,” said panel spokesman Peter Jackson. “$1.4 trillion in loans will come up for refinancing between...
Nearly half of commerical real estate loans are currently “underwater,” meaning that the borrower owes more than what the property is worth...
Noting that “there are a lot of different tools in the toolbox when it comes to strategies for the threat posed by commercial real estate to the financial industry,” Jackson said the report does not recommend one specific course of action...