Isaac Paige Chairman Believes Commercial Real Estate May Strain Banks

“Recent U.S. economic data has been grim, and financing strains in the commercial real estate sector could heap pressure on the country's already battered banks,” Peter Matthews, Chairman of Isaac Paige Associates said on Wednesday.

Seattle, WA, March 12, 2009 --( "Problems in residential real estate are well known. But, with continued economic weakness, I'm increasingly paying attention to commercial real estate," he said before continuing by saying "Declining commercial real estate markets could put further pressure on already strained financial institutions and markets. And overcoming problems in the financial sector is central to achieving economic recovery," he told the analysts at luncheon address.

He went on further to say “Banks have around $2.5 trillion worth of commercial real estate loans on their books, and while this was less than a quarter of the size of the residential mortgage market, any more strain on the financial sector would be most unwelcome.” He finished by saying "Commercial real estate finance challenges could further complicate efforts to stabilize the banking system and credit markets."

Isaac Paige Associates is highly respected within the financial community and has been providing accurate evaluations for over a decade. Isaac Paige Associates principals are actively involved in all aspects of the mergers & acquisitions evaluation process. Isaac Paige Associates provides responsive and personalized service to Institutions throughout the merger or acquisition including participation in syndication meetings to facilitate the decisions of the participating parties.

Isaac Paige Associates
Peter Matthews