Who will finance the\u00a0estimated\u00a0$530 billion in commercial loans maturing nationally in next three years ?<\/p>\n
So far the solution\u00a0has been for borrowers and lenders to agree on short extensions that have been described as \u201cextend-and-pretend\u201d and \u201ckick the can down the road.\u201d In the early 1990s, as commercial real estate values fell, lenders took over many failed projects and discounted rent or sold the failed projects to buyers who discounted rent \u2013 all of which only forced down the value of viable competing properties.<\/p>\n
To avoid\u00a0falling values,\u00a0the feds have got to instruct the banks to be flexible. Otherwise, market values will plummet.<\/p>\n
In August, the Obama administration extended a bailout program to help the sector. Lenders are only delaying the inevitable and banks will have no choice but to clean up their books, breaking the impasse between buyers and sellers over values.\u00a0Read more. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Who will finance the\u00a0estimated\u00a0$530 billion in commercial loans maturing nationally in next three years ? So far the solution\u00a0has been for borrowers and lenders to agree on short extensions that have been described as \u201cextend-and-pretend\u201d and \u201ckick the can down the road.\u201d In the early 1990s, as commercial real estate values fell, lenders took over […]<\/p>\n","protected":false},"author":1401,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[59],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/12988"}],"collection":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/users\/1401"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12988"}],"version-history":[{"count":0,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/12988\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}