The much rumored Commercial restate businesses are about to get hit which will once again have a major impact on our economy. Many of affordable housing stock fall into this category and these properties that are subsidized (Project-based Section 8) are coming due. What will happen to these tenants and the property itself?
Here in Ohio, we already know of 3 project-based S8 properties that are in trouble.
From 2010 to 2014, some $1.4 trillion in commercial real-estate loans
is coming due. But for nearly half of those loans, the borrower's debt
is more than the property value, the panel said."
http://online.wsj.com/article/SB1000...ness_whatsNews
Here in Ohio, we already know of 3 project-based S8 properties that are in trouble.
From 2010 to 2014, some $1.4 trillion in commercial real-estate loans
is coming due. But for nearly half of those loans, the borrower's debt
is more than the property value, the panel said."
http://online.wsj.com/article/SB1000...ness_whatsNews
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