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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.
August 7 -
The companies have requested an extension of the floating-rate loan, which matured in July, according to a servicer report.
July 24 -
While multifamily late payments were flat, hotel properties continued to improve but office performance deteriorated significantly from the first quarter, the Mortgage Bankers Association said.
July 18 -
The amount of distressed assets rose 10% in the first three months of the year, according to a new report from MSCI Real Assets.
June 22 -
But when compared past periods of upheaval, those rates remain relatively low, the Mortgage Bankers Association report showed.
June 1 -
However, much of the damage could already be priced into the stocks after this latest selloff, analysts said.
May 26 -
The company's recent expansion into commercial servicing is part of a broader effort to build a diversified business model, according to President and CEO Mike Dubeck.
May 22 -
Excluding farms and residential properties, banks accounted for more than 60% of the $3.6 trillion in commercial real estate loans outstanding in the fourth quarter of 2022, with smaller institutions particularly exposed, according to the Federal Reserve's semi-annual Financial Stability Report published last week.
May 18 -
The five-year notes benefit from overcollateralization equal to 35%, and will use the proceeds to repay a line of credit facility.
March 31 -
Only about $4.27 billion of the bonds have been issued so far this year, down from $29.38 billion at this same point last year, according to data compiled by Bloomberg based on deals without government backing.
February 17