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Commercial Real Estate er... uh oh

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posted on Dec, 1 2008 @ 09:53 PM
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Here's an article with a new happy thought... not. See link for possible ramifications of their info below.

"Unlike home mortgages, businesses don't pay their loans over 30 years. Commercial mortgages are usually written for five, seven or 10 years with big payments due at the end. About $20 billion will be due next year, covering everything from office and condo complexes to hotels and malls."

news.yahoo.com...




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