Asset-backed lending dries up, shuts out commercial mortgages

11/10/2008 | Bloomberg

Regional banks and insurance companies, the primary sources for commercial real-estate finance after credit markets froze, have completely stopped lending for this market, analysts at RBS Greenwich Capital Markets said. Thawing of short-term markets was a welcome first step, but "it is a baby step" that does little for commercial real estate, analyst Lisa Pendergast said.

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