Banks face distressed asset dilemma

Document Sample
Banks face distressed asset dilemma Powered By Docstoc
					Banks face distressed asset dilemma
Michael Sorohan; Michael Murray; Carolyn Kemp
Mortgage Banking; Oct 2009; 70, 1; Docstoc
pg. 121




Reproduced with permission of t
				
DOCUMENT INFO
Description: While banks continue extensions on commercial mortgages to hold off foreclosures, analysts say successful banks will need to eventually take distressed debt off their balance sheets. Bliss Morris, president and CEO of First Financial Network, Oklahoma City, OK, said some banks are in a position to sell off loans if they have the capital provisions to cover the losses and have not already recognized losses. Alan Pontius, managing director of the national office and industrial properties group at Marcus and Millichap, said distressed sales and foreclosures can impact cap-rate activity in the next year, but not at present. He said the better-quality assets are trading and cap rate movement for single-tenant properties has not been as severe as with multi-tenant properties.
BUY THIS DOCUMENT NOW PRICE: $6.95 100% MONEY BACK GUARANTEED
PARTNER ProQuest LLC
ProQuest creates specialized information resources and technologies that propel successful research, discovery, and lifelong learning.