How Some Lenders Are Managing CRE Loan Modifications

GlobeSt.com, July 14, 2023–Erik Sherman
That there was going to be trouble was obvious back in the late summer and early fall of 2022. Interest rates were climbing fast. Too many CRE properties got financing in a zero-interest-rate environment that encouraged high leverage and refinancing at current rates would be different, to put it mildly.
Some are selling derivatives to fix interest costs and offering subsidies to purchase defaulted loans.
https://www.globest.com/2023/07/14/how-some-lenders-are-managing-loan-modifications/?