Commercial real estate loans coming due before the end of 2009 are estimated to be almost $165 billion, according to a report from First American CoreLogic. Falling property values will make refinancing of much of that maturing debt unlikely, said Sam Khater, a senior economist with the company. "As long as prices contract, we expect loan performance will worsen and that will make financing difficult," he said. "Delinquencies and notices of default are rising, and we expect that to continue."
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