More lenders are allowing write-downs for outstanding loans that were given to commercial real estate investors. Analysts attribute the trend to improving rental and vacancy rates, among other factors, the New York Observer reported. “First of all, the banks’ balance sheets are a lot stronger today than they were in 2009 and that gives them a lot more capacity for doing this,” Robert O’Brien, Vice Chairman and U.S. Real Estate Services Leader at Deloitte, told [more]
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