Financing Commercial Real Estate in a Tight Credit Market
Business NH Magazine › Vol. 26 Nbr. 6, June 2009
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Summary
Tenant defaults, declining lease rates, Calling property valuations, lack of willing buyers, and of course, difficulty in obtaining commercial real estate financing. Municipalities and economic development organizations know a functioning commercial real estate market is critical to keeping employers by not forcing them to seek a facility elsewhere.
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Extract
Financing Commercial Real Estate in a Tight Credit Market
As the the credit crisis continues to unfold, the commercial real estate market has experienced many of the same challenges as the housing, market. Tenant defaults, declining lease rates, Calling property valuations, lack of willing buyers, and of course, difficulty in obtaining commercial real estate financing. As recently as April, General Growth Properties (owners of the Steeplegat...
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