It’s chilly out there in the commercial mortgage market

The Saint ReportProperty Development, saintblog, Urban planning0 Comments

Alex Frangos has provided a basic primer on how the credit crunch is pummelling high-flying property players in the commercial markets. His story in the Wall Street Journal, “Office investor Broadway Partners faces the music on short-term debt”, spells out the challenge for those in today’s frozen commercial mortgage market who borrowed heavily to buy at the top of the market with lots of short-term debt.

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