Some Wall Street banks are offloading their portfolios of commercial real estate loans amid concerns that landlords of struggling office buildings may not be able to pay off mortgages.
Banking industry facing distress in the commercial real estate market due to high interest rates hindering loan refinancing and low office building occupancy rates stemming from the pandemic.
Sales of troubled commercial loans by banks such as Deutsche Bank, Goldman Sachs, and CIBC indicate a trend towards reducing exposures and accepting distress in the market.
Collection
[
|
...
]