Full recovery of the banking industry in South Florida depends on the extent of losses from commercial real estate loans now coming due and on how much capital banks are able to come up with, experts say.

While the fallout from bad residential mortgages seems to have crested, “the other shoe – commercial mortgages – is about to drop,” said Jeff Weiner, CEO of MDW Insurance Group, which specializes in providing insurance to the financial services industry.

Commercial real estate loans usually reflect adversity much later than other types of loans,” said Emmanuel Roussakis, professor of finance in Florida International University’s College of Business Administration and director of its downtown MBA program. ” We are beginning to see some non-performing real estate loans showing up.”

Read: “Commercial loans’ health key to banking recovery here,“ an article from the Miami Today.