Great article about issues with loans in Philadelphia Real Estate market

by Robert Forster ~ 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.
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1 Response to Great article about issues with loans in Philadelphia Real Estate market

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