Green Poops! •Commercial Property Loans in U.S. Decline 54% as Defaults Grow

Discussion in 'Economics' started by ByLoSellHi, Nov 5, 2009.


    Commercial Property Loans Fall 54% on Tight Credit, Bankers Say
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    By Brian Louis

    Nov. 5 (Bloomberg) --
    Mortgage originations for commercial real estate and multifamily properties fell 54 percent in the third quarter from a year earlier in the U.S. as credit remained scarce in the recession, the Mortgage Bankers Association said.

    The value of originations dropped 56 percent for office properties and 40 percent for apartment buildings, the Washington-based group said in a statement today. Mortgages dropped 62 percent for retail properties, 46 percent for hotels and 59 percent for health-care facilities.

    To contact the reporter on this story: Brian Louis in Chicago at
    Last Updated: November 5, 2009 10:07 EST
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