Fox Business' Elizabeth MacDonald wrote an interesting article on the state of commercial real estate mortgages and the TALF and PPIP programs. Some highlights:
- $1.4 trillion of CRE loans are maturing in the next 5 years.
- An estimated $165-$204 billion will mature this year.
- There isn't enough capital strength on banks and insurance companies' balance sheets to refi the loans.
- The CMBS market is, for the moment, virtually stalled.
For the full article, click here.