6/1/2009

Refinancing existing debt and raising new debt capital are the big challenges this year for commercial real estate funds, said Ernst & Young's Gary Koster in a new report. "It seems that, despite the widespread infusions of capital into various lending institutions through economic stimulus programs, it appears there is still very little, if any lending taking place in the real estate industry right now," said Koster, who heads the real estate fund services practice at E&Y.

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