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The Outlook for Commercial Loan Modifications in 2009

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Nearly $73 billion worth of commercial real estate loans are in some level of financial distress

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Credit Markets Remain Frozen

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Slashing Rents, Incentive offerings, Demanding Concessions

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Empty storefronts, Office buildings and Warehouse Space.

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The losses from commercial real estate loans could hit $53 billion, or 8.5 percent of their overall loan losses [...]