	southwest realty swl has liquidity problems southwest realty ltd said it believes it could make all of its scheduled montly debt service payments for despite the falloff in its rental operations but making the payments would probably severely impair its liquidity and restrict its ability to maintain the quality of its properties the company today reported a loss of dlrs compared with a profit of dlrs southwest said in addition to its monthly scheduyled debt service payments a dlr loan on one of its houston properties is due to mature on april one southwest said a commitment to reduce the interest rate and extend the houston loan for one year has been accepted it said talks are underway with lenders on other houston properties to obtain partial debt service moratoriums which if granted would cut cash deficits from levels the loan renegotiations could involve bankruptcy or other litigation connected with the specific properties involved and could involve the suspension of interest and principal payments to some of the lenders southwest said if the attempts to restructure debt do not succeed it could lose one or more of the properties southwest said the houston properties made up about pct of its current value equity as of december of dlrs per share down from dlrs a year before the company said depending on the success of the talks and operating results for one or two more properties could become subject to similar negotiations the two additional properties comprised about pct of its current value equity at year end southwest said reuter 
