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Beth Mitchell quoted in “‘A Tsunami Is Coming’”

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Banker & Tradesman
02.02.2009
Beth Mitchell, a partner in the firm’s Real Estate and Finance Department and co-chair of the Commercial Finance practice group, was quoted in “‘A Tsunami Is Coming’” in Banker & Tradesman on February 2. The article discusses the tremendous spike in defaults about to ravage the commercial real estate market. “Our worst fears are starting to be realized,” said Mitchell. “Many lenders had never experienced defaults or distressed markets to think through how they’d play out. There was so much pressure on getting money out the door that the ramifications of how they’d deal with each other in a default didn’t seem as important.”
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