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Find distressed commercial real estate loans and bank owned property at more than US banks nation wide.
It has been widely reported this morning that last night (Sunday 10/25/09) one America’s largest commercial real estate lenders filed for Chapter 11 bankruptcy protection. Chapter 11 is a reorganization filing designed to allow business to continue to operate while they shed debt and evaluate their business. What of other commercial lenders?
The BankProspector is showing [...]
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The 5 Florida based banks with the most commercial REO (bank owned commercial real estate) are showing less than $100MM. The most recent bank report data suggests that Florida’s banks have been slow to pull the trigger on nonperforming commercial real estate loans.
While the 5 Florida banks with the most commercial REO are showing $75,063,000 [...]
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Commercial real estate loans and REO held at banks increased by nearly 30% in the last reporting period. Commercial real estate whole loan problems now top $36B representing only a portion of the commercial real estate loan universe.
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