Philip Blumberg sat down with Jeanne Yurman of Reuters on June 23rd for a Commercial Real Estate report. Blumberg Capital Partners says commercial real estate "will be another real stomach blow" to commercial banks where writedowns could be more than 50-percent.
Philip Blumberg, speaking at the 2009 Global Real Estate Summit in New York, says "it's no wonder why these commercial banks aren't lending." Separately, Blumberg says he expects to make some investments in the London property market where "they've taken writedowns and are closer to the bottom."
For more information, visit Blumberg Capital Partners.
Commercial banks lending effects real estate markets , the rates vary according to the changing needs .
Posted by: John Beck | October 01, 2009 at 10:05 PM