2010-08-25 19:18:27.239226+02 by Dan Lyke 0 comments
WSJ: Large commercial property owners are choosing to default, mostly to pressure banks into loan restructuring.
Owners of commercial property have an easier time walking away than homeowners because commercial mortgages are typically nonrecourse. That means the biggest penalty for walking away is the forfeiture of assets and cash flow they may generate.
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