Refi Cloud On Commercial Real Estate Horizon

Here’s a potentially huge deal in commercial real estate refinancing, as outlined by Harvey L. Temkin (Reinhart, Boerner, Van Deuren) on the Mondaq website:

As compared to banks, conduit lenders could offer more favorableterms. Whereas banks did not want their loans to remain outstandingfor more than three to five years due to interest rate risk,conduit lenders typically offered ten-year loans. The result isthat many conduit loans will be coming due between now and 2017. With the conduit market having disappeared in 2008, how can we nowfinance those maturing loans, estimated at $1.8 trillion?

Read the whole article (recommended): A Cloud Appears On The Real Estate Horizon – Real Estate and Construction – United States.

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