top of page

Banks Cutting Losses on Distressed Office Loans

Suzannah Cavanaugh

Mon Jun 05 2023 16:00:00 GMT+0000 (Coordinated Universal Time)

Banks that long delayed writing down distressed property debt, favoring an extend-and-pretend approach in the hopes of a turnaround by the struggling asset, are abandoning that strategy, preferring to rip off the Band-Aid instead.

bottom of page