CRE loans may block regional banks from paying back TARP

12/7/2009 | Bloomberg

Regional banks, which hold a large portion of the nation's commercial real estate loans, might have to put off until 2011 the repayment of their government Troubled Asset Relief Program loans. Overdue bank loans secured by retail properties, apartment complexes, hotels, warehouses and land under development stand at a 16-year high of 3.4% of the total, research firm Real Estate Econometrics said in a report. The company said that could hit 5.3% in two years.

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