Huffpost Business

Commercial Real Estate Defaults: 2010 To 2013 Will Be Worst, With $67 Billion "Lost"

Posted: Updated:

And the most dangerous time for banks will be 2010 to 2013 when $1 trillion in commercial real estate loans will mature and -- like homeowners before them -- owners of commercial properties will need to refinance.

Blumberg estimates that $236 billion in commercial real estate loans that were turned into securities will need to be refinanced in this period and that $67 billion of that amount "will be lost."

"We are on the brink of one of the worst commercial real estate financing markets ever," he said.

Read the whole story at New York Post