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New Lending by Mortgage REITs Has Dried Up
Wall Street Journal, Aug. 8, 2023–Peter Grant (subscription)
Some of the biggest names in commercial real-estate lending have all but turned off the spigot. Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real-estate investment trusts, have halted loans to any new borrowers.
https://www.wsj.com/articles/new-lending-by-mortgage-reits-has-dried-up-49551878?