The US government will soon have to print money as fast as a super computer does, in order to meet the ever increasing demand for bailouts with commercial property developers asking Uncle Sam a portion of the Federal Reserve's $200 billion asset-backed plan to avoid defaults, foreclosures and bankruptcies.

According to the Wall Street Journal, quoting research firm Foresight Analytics LCC, commercial property developers will be next in line to crash with $530 billion of commercial mortgages coming due for refinancing in the next three years, out of which $160 billion coming due in the next year alone.

With banks still refusing to lend in spite of being injected with tax payers money and told to start lending to get the economy moving again, property developers have issued warnings to lawmakers that thousands of office complexes, shopping malls, hotels and other commercial buildings are facing the grim prospect of defaults, foreclosures and bankruptcies.

The commercial property developers want the Treasury Secretary, Henry Paulson to include them in the recently announced government $200 billion loan package called the Term Asset-Backed Securities Loan Facility, which was set up to fund student loans, car loans and credit card debt.

While announcing the TALF package, Paulson had said that the TALF could be expanded to include ''commercial mortgage-backed securities," but this package is expected to take shape only in February next year.

Trade associations of the US commercial real estate industry had met Henry Paulson last month to lobby for aid to its industry, as the main source of funds from the commercial backed securities (CMBS) market has totally dried up with only $20 billion in CMBS being issued this year compared to $230 billion last year and even the highest-rated triple-A bonds not finding any buyers.

While residential mortgages has a 30-year repayment schedule, commercial mortgages have five to seven or 10-year repayment terms and without refinancing, the property owner will be forced to make a fire sale or even lose it in foreclosure.

Due to recession many malls and commercial property owners are not getting the returns on their investments as business has nosedived and in normal times they would have refinanced their debts, but due to banks holding on to its capital, refuse to lend even to well established developers.

Experts say that, banks do not have the capital and if they do lend, then may have to take big losses on commercial real estate, which in turn puts its capital position in a precarious state where it will not be able to lend to anyone.

But others are critical of the banks policy of not lending when most of them have availed of the government bailout $350 billion out of which $143 billion has been pumped into the banks and a few insurance companies so far and most of them are just shoring up their troubled finances.

According to some experts, if banks do not start lending, then they ought to return taxpayers money which can be then loaned to banks who will lend.