Just when you thought it was safe to read a news story about Congress, legislators are risking the entire commercial estate finance system by delaying the renewal of the Terrorism Risk Insurance Act of 2002, according to the Real Estate Roundtable, a commercial real estate advocacy group.
“Lenders will not lend for commercial real estate and building owners will be vulnerable to catastrophic loss,” if Congress fails to renew TRIA, according to the Ro
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.