The Gateway at Aldridge in Murfreesboro looks like any other new apartment complex. It has a workout room, free Wi-Fi and cozy fireplaces.
What's not so obvious is that a bank owns it.
Like other apartments that have fallen into foreclosure in the Nashville area, Gateway is a reminder of a troubling and still growing problem for bankers — commercial real estate loans that have turned sour and could weigh on the economy for years.
The growing problem for bankers is that they have grabbed up all the money and We The People don't have the jobs to come up with any more of it, thanks to the US Government's tax credits to corporations helping them move manufacturing to other countries!