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Real Estate/Development

May 24, 2012

Looming wave of debt maturities begs cautious foreclosure practices

Foreclosure can further deteriorate collateral value; if done correctly, a receiver sale can greatly expedite litigation and reduce costs. By Fernando Landa of Trigild

Fernando Landa

Partner, Crosbie Gliner Schiffman Southard & Swanson (CGS3)

Email: flanda@cgs3.com

Fernando specializes in the acquisition, development, financing, leasing and disposition of commercial real estate assets.


By Fernando Landa


While recent reports showing improvement in the commercial real estate (CRE) market, significant uncertainty looms over the market as an historic wave of debt maturities begins to peak. According to Goldman Sachs and Trepp LLC, $137 billion of commercial mortgage backed security (CMBS) debt matured between 2009 and 2011. By contrast, $165 billion is set to mature by 2014 and $532 billion matures by 2017. Moreover, if one includes non-CMBS, CRE d...

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