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Credit Crunch Hits Commercial Lending
AndrewSmith
Posts: 2,871 Forumite
Commercial First Mortgages, a specialist conforming and non-conforming commercial lender has just announced that it is ceasing all new lending with immediate effect.
It is looking for alternative funding for it's commercial lending however is unable to accept any new business until further notice following not being able to secure funding for new business lending.
This follows an offer for the business being withdrawn after the collapse of Bear Stearns coupled with recent market events. This has lead to funding sources being withdrawn with no immediate replacement on the horizon.
It is looking for alternative funding for it's commercial lending however is unable to accept any new business until further notice following not being able to secure funding for new business lending.
This follows an offer for the business being withdrawn after the collapse of Bear Stearns coupled with recent market events. This has lead to funding sources being withdrawn with no immediate replacement on the horizon.
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