More CRE Problems

It’s under the radar and shouldn’t be but the problems in commercial real estate are starting to burgeon. The latest news today is that JP Morgan seized tens of millions of dollars from a commercial mortgage debt fund, Guggenheim Partners LLC, and has started auctioning off the assets.

The pressure on the CRE sector is starting to reach the boiling point. Prices are plummeting and financing is non-existent. This may well be the blow that takes down a number of the smaller banks throughout the country-maybe a big one as well.

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