Struggling landlords and developers are seeking leeway on coverage from their lenders — mostly in vain.
Category: Foreclosures
Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
Office Buildings’ Losses Are Growing, With More Pain to Come
The distress in commercial real estate is growing as some office buildings sell for much lower prices than just a few years ago.