‘The Writing Is On The Wall’: Office Lenders May Have To Go All-Out Ahead Of Mass Surrenders
June 11, 2023 | Matthew Rothstein | Bisnow Philadelphia
For the past few months, reality has been setting in for owners of U.S. office buildings.
Many of them have debt coming due on buildings worth much less today than when their loans were originated. That value destruction has distressed asset buyers lining up to pounce. But before the feeding frenzy can begin, office owners and their lenders have key decisions to make…
