Most analysts believe that the commercial real estate loan market is about to reach the place that the residential part of the market was a year ago. “Losses from commercial real estate will be quite high by historic standards,” the former Comptroller of the Currency, Eugene Ludwig, told Bloomberg. Some experts think it will be even worse than that. Many community and regional banks could be ruined by defaults on the commercial mortgages that they hold.

http://247wallst.com/2010/01/07/commercial-real-estate-begins-to-mirror-residential-market/

Commercial Loan Modification – Many commercial property owners have seen their occupancy rates drop between 20% and 50% over the past two years. This has had a severely negative impact on their ability to stay in business. For those property owners who wish to avoid foreclosure, the opportunity exists to hire an intermediary to negotiate new terms for their existing commercial mortgage. It is important that the owner carefully research the background and experience of any company that he or she hires. It is also wise to obtain a money back guarantee on the services.

http://www.biggerpockets.com/renewsblog/2009/12/16/alternative-financing-commercial-real-estate/

“Losses from commercial real estate will be quite high by historic standards,” said Eugene Ludwig, former Comptroller of the Currency who is now chairman of Promontory Financial Group, a Washington-based consulting firm to financial institutions. “Hundreds of banks will fail or will be resolved over the course of the cycle.”

http://www.businessweek.com/news/2010-01-06/commercial-property-is-biggest-risk-u-s-bank-examiners-find.html

The IRS has issued a new rule IRS Revenue Procedure 2009-45 IRS Revenue Procedure 2009-45 that eases the restrictions on modifications of commercial mortgages that have been packaged into commercial mortgageYour browser may not support display of this image. backed securities

http://www.biggerpockets.com/renewsblog/2009/11/05/irs-eases-restrictions-commercial-loan-modifications/

“There is a bubble bursting in much the same way as the residential market burst,” said Jon Haveman, principal at Beacon Economics, a consulting firm in San Rafael, California. “None of those towers will fill up anytime soon.”

http://gregfielding.housingstorm.com/2010/01/05/silicon-valley-bloodbath/