The commercial loan crisis is just beginning in Florida….

From Bankforclosuresale.com (FL):

Another Florida Bank Foreclosures Crisis Looming

The languishing economy, rising unemployment and crippling credit crunch are starting to strangle many commercial property owners that it would not be long and bank foreclosures in Florida would start to flood the real estate market again.

Already, the increasing number of commercial property owners who default on their mortgage payments are overburdening banks that have not yet fully recovered from the residential real estate market crisis.

» Read more: Another Florida Bank Foreclosures Crisis Looming

It appears all of those “pre-built flips” of condos has caused havoc in the Sunshine state…

Report from an independent Financial Analyst:

Florida’s Construction Industry is barely alive…

Florida’s construction market has virtually shut down. We have been valuing properties throughout the state all year and, while we are seeing some modest improvement in sales velocity, there is virtually no new construction.

» Read more: Florida’s Construction Industry is barely alive…