Limitations on Debtor and Guarantor Exposure After Judicial and Nonjudicial Foreclosure

Commercial real estate loans made over the last decade – including retail properties, office space, industrial facilities, hotels and apartments – totaling $1.4 trillion will require refinancing from 2011 through 2014. Nearly half are at present “underwater,” meaning the borrower owes more on the loan than the underlying property is worth. Commercial property values have fallen more than 40 percent … Continue reading »