CIT Bankruptcy Won't Pose an Immediate Threat to Retail Landlords

Published Tuesday, November 03, 2009

For months the specter of the possible bankruptcy of CIT Group Inc., one of the country's largest providers of financing for small and mid-size business, has haunted the retail industry. CIT provides up to 80 percent of the factoring capital used by independent retailers and retail franchisees to purchase merchandise from manufacturers. Over the weekend CIT's bankruptcy filing came to pass. But industry experts are hoping the timing and structure of the filing will blunt the impact on CIT's retail clients. Though the all important holiday shopping season looms, most retailers have already paid for merchandise and therefore ...

To continue reading this article, please register or login – it’s quick and free…

Member Login

Email Address:

Password:

Remember me

Forgot password? Need Help?

Enter your email address below, and we'll email your password.

Email:

Are cookies enabled in your browser?

This site uses cookies and session data to keep track of your name and preferences while you're logged in. You cannot login without enabling cookies.

One Step Registration

Fill out the form below for instant access to the page you’ve requested.

Website members also receive access to our entire archive and may apply for a complimentary subscription to our print magazine.

All fields are required Personal Info

Email Address Required Must be a valid email

Password Required Passwords must match

Confirm Password Required

First Name Required

Last Name Required

Company Name Required

Job Title Required

Zip/Postal Code Required

Country Required

Retail Traffice Online Enewsletter

Yes! I wish to receive Retail Traffice Online Enewsletter for FREE
* Free to qualified subscribers only.
No thanks

Remember me

Submit the form for instant access to the page you've requested.

Traffic Court Blog

Take Our Survey

The stakes have never been higher for commercial real estate borrowers and lenders. To develop an accurate snapshot of the overall lending climate, we need your help! Take the Exclusive Borrower Trends Survey and be entered into a drawing for one of two $100 Visa gift cards. Enter the Exclusive Borrower Trends Survey.

When the Landlord Can�t Pay the Mortgage

Podcast In the face of the biggest financial crisis and deepest recession since the Great Depression, retail landlords are increasingly falling behind on mortgage payments or defaulting entirely. Owners are facing great difficulties refinancing debt. One major source of financing�commercial mortgage-backed securities�is no longer available. And the lenders that are still in the market have dramatically tightened underwriting standards.

Resources

Blogs

Here's where we will have a new, frequent conversation with our readers alerting you to the interesting (and sometimes oddball) things we see every day as we scan the horizon of the retail real estate business

Blog Home

Retail Architecture Review 2009

Retail Architecture Review 2009: Welcome to the third edition of Retail Traffic�s Retail Architecture Review. This supplement includes our 20th Superior Achievement in Design and Imaging Awards and our annual Leaders in Retail Architecture supplement.
View the full listing