Only a matter of time--big developers looking for bailout $$$

The Wall Street Journal tells us that a handful of large commercial owners are petitioning Congress for access to some bailout funds. They're concerned about the mortgages coming due over the next couple of years and the anticipated trouble refinancing those notes. Here's the link but you may not be able to it because WSJ.com is a subscription site.

What I found more interesting was a report that was attached to the article. It's a "Commercial Real Estate Outloook" by the CMBS Research folks at Deutsche Bank. It's packed with good data about the state of existing commercial mortgages, defaults, what's coming due, trends, etc. I hope you can get to this because it is very worthwhile. Let me know if you can't and I'll e-mail a copy. (Not sure about copyright laws and what kind of trouble I would get for posting it directly to my blog.)

More later.....