Apr 11, 2011
Extend and Pretend
The commercial real estate sector is in the grips of the "extend and pretend" policy under which lenders are extending loans on troubled commercial real estate instead of foreclosing and taking the loss now. Eventually, the massive amount of distressed real estate will eventually flood the market.
The commercial real estate sector is in the grips of the "extend and pretend" policy under which lenders are extending loans on troubled commercial real estate instead of foreclosing and taking the loss now. Eventually, the massive amount of distressed real estate will eventually flood the market.
Did you like this Article?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.
