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The Looming Crisis in Commercial Real Estate
By MICHAEL WEISSKOPF Wednesday, Apr. 22, 2009
...at least half the loans — and two-thirds of those packaged and resold as securities — will not qualify for refinancing. As a result, many borrowers will likely default, leading to losses on securitized mortgages of $50 billion or more and losses of at least $200 billion on commercial real estate loans overall..."People are only now beginning to realize there is a looming crisis"