The U.S. Federal Reserve said Monday it will extend to mid-2010 an emergency program aimed at boosting lending in the ailing commercial real estate market.

This is an important move for the Commercial Real Estate sector of our economy. This extension is until June 30 2010.

Like on the Real Estate House Market, now Commercial  lenders are reluctant in refinancing loans done under easy terms and built on expectations of increased sales revenues and rents . It is calculated that Revenues are down 35% nationally putting borrowers in difficult position to either increase equity or try to refinance.

This is an important move by the Feds since lately there is a lot of speculation about the danger to the Recovery of the US Economy if Commercial Real Estate Fails.

 

1 Comments on Real estate lifeline extended through mid-2010

AUG
18
2009
730,389 Points 15 Featured Posts Outside Blog Called Shot Master

Leonardo, this is good news to hear. Hopefully it will help to boost commercial real estate sales. Thanks for the update.
7:55am • #1


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Copy_of_leonardo_michael_faceonly2

Leonardo Montenegro

Palm Springs, CA

More about me…

Prudential California Realty

Address: 2905 E Tahquitz Canyon Way, Palm Springs, CA, 92262

Office Phone: (760) 464-5600

Cell Phone: (760) 464-5600

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog