Commenting on: Default Increase Curbs Bankruptcy Lending as Recoveries Dwindle
This suggests to me that we are a long way from a true economic recovery. If private companies seeking to reorganize cannot obtain DIP Financing at all or not on reasonable terms, unemployment will continue to rise as will lease vacancies, and commercial lease rates will decline. This does not bode well for commerical real estate valuations unless Uncle Sam decides to perform another socialist bailout.
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