Commercial real estate loans are interest only? I had never heard of that before, but it makes sense with the buried lede:
borrowers prefer handing the property keys over to creditors over putting good money after bad
Which is what happens whenever a company has an asset they don’t own and no longer want. Shrug and handover the keys. Seems to me like the lenders are going to be the ones taking the haircut, despite what the article asserts.
Commercial real estate loans are interest only? I had never heard of that before, but it makes sense with the buried lede:
Which is what happens whenever a company has an asset they don’t own and no longer want. Shrug and handover the keys. Seems to me like the lenders are going to be the ones taking the haircut, despite what the article asserts.