CRE's problems begin and end with inability to get loans

01/4/2010 | Sarasota Herald-Tribune (Fla.)

There are fewer tasks more difficult to achieve today than getting a commercial real estate loan approved, and that's the heart of the hard times faced by the commercial property business, industry experts said. "It's ironic that the federal government put all the stimulus money into banks, while another branch of the government is over-regulating capital reserve requirements on banks," said Brett Hutchens, CEO of Casto Lifestyle Properties. He said the government has turned lending and borrowing into "gridlock."

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Sarasota Herald-Tribune (Fla.)

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