Residential Lending Crisis Trickling Down to Commercial Real Estate

BY SYLVIA TIERSTEN

The subprime mortgage crisis, which brought San Diego’s housing market to its knees, is casting a chill on the commercial office sector. Lax underwriting standards in residential real estate have sparked an across-the-board credit crunch, according to local real estate representatives.

“A lot of capital that was available for leveraged purchases is now sidelined or extremely cautious,” said Jonathan Ferrini, principal/director for Lee

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