Great article about issues with loans in Philadelphia Real Estate market

by robertforster ~ November 5th, 2009. Filed under: Local News.
American Loft in Northern Liberties. Abington Bancorp lent $15.1 million to the builder, then acquired the site in June at a sheriff´s sale for $8.6 million.
Bad home-building loans plague banks
By Harold Brubaker, Inquirer Staff Writer

Posted 2:06am

As financial regulators shift their sights to the mounting problems with commercial real estate loans, many Philadelphia-area banks remain bogged down in bad loans for residential construction.
«
»

Leave a Reply