One Data Point
August 5, 2009
Much has been made in the media about the coming collapse of Commercial Real Estate via problems with CMBS loans. Protective Life reported an excellent quarter today and I though it was interesting to see how their $1.1 Billion CMBS portfolio was performing. To date, no real spike in problems. Maybe they haven’t hit yet? Maybe PL is a good lender who hasn’t made many bad loans? Maybe its overblown? Time will tell….
