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SAN DIEGO-Many economic factors are making it harder to get a loan, and while the economy is seeing some recovery, “We’ve got a long way to go,” with many problems still plaguing the market, said Judy Hoffman, COO of Trigild, who moderated a panel on distressed debt at a recent CREW San Diego lunchtime program. Hoffman said the CMBS loan default rate is at 10%, the bank-loan default rate is at 3.5%, $1.5 trillion in commercial loans will mature between 2012 and 2017, and property values are down 35% from the height of the market, factors that slow recovery appreciably.

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