Commercial Real Estate Financing: The Borrower’s Perspective
Published in The Practical Real Estate Lawyer, July 2009
Tough times notwithstanding, there are ways for the commercial real estate borrower to use the lending process to its advantage. We are living through difficult economic times, and every day there seems to be more bad news about the commercial real estate market. The numbers aren’t encouraging. A recent newspaper article reported that: “Commercial property sales plunged 73% last year, according to Real Capital Analytics. Vacancy rates are rising, and hundreds of large properties are in default. The American Institute of Architects’ billing index, a leading indicator of construction six months ahead, is at a record low. Unemployment in the construction industry is 15.3%, well above the average 7.2% jobless rate.”
For more information, contact Maria A. Milano.
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