The Outlook for Commercial Loan Modifications in 2009

.	Nearly $73 billion worth of commercial real estate loans are in some level of financial distress
.	Credit Markets Remain Frozen
.	Slashing Rents, Incentive offerings, Demanding Concessions
.	Empty storefronts, Office buildings and Warehouse Space.
.	The losses from commercial real estate loans could hit $53 billion, or 8.5 percent of their overall loan losses over the next two years.
.	Apartment loans are expected to rise further as unemployment climbs, leaving landlords struggling to fill vacancies and make their mortgage payments.
.	Delinquency rates and defaults on office and retail buildings and hotels have more than doubled in just six months.
.	For apartments and industrial buildings, the rates have increased more than 80 percent
.	Overall, some $270.5 billion commercial property loans are expected to come due this year alone
.	And it’s likely many borrowers won’t be able to refinance¡