Property Loans Are So Unappealing That Banks Want to Dump Them
Posted By Peter Coyne | 2023-08-11 03:37:51
Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.
- Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt backed by offices, hotels and even apartments in recent months…
- But many are finding that tidying up loan books is no easy feat when concerns about commercial real estate have surged.