Apparently, Atlanta had the highest number of CMBS loans in March 2011 and led the nation for troubled CMBS loans. A little less than 10% of all CMBS in the US missed payment in March 2011. The dilemma seems to be that many CMBS are nearing maturity on older properties with lots of vacancies and cash flow (i.e., ability to repay loans) are serious issues to prevent refinancing to repair, improve or refinance debt to lower rates.
Source: (Atlanta Business Chronicle – 4/8-14/2011)
References to products and services are not a specific endorsement, but the user must perform their due diligence and investigate whether the product or service is right for them. I welcome any or all comments that would help others.
No comments:
Post a Comment