The pain of office loans has just begun - bad news one after another
2024/7/28 19:28 JST (some excerpts)
Currently, US commercial real estate loans of 94 billion dollars or more are bad loans
A loan maturity barrier of 1.500 trillion dollars will stand in the way in the next 2 years - Pimco
Expectations that the pain of the US office recession would subside due to a drop in borrowing costs were swept away.
Deutsche Bank increased and increased reserves in preparation for the loss of loans for US commercial real estate, and Blackstone's real estate investment trust (REIT) “Blackstone Mortgage Trust” reduced dividends. The New York Community Bancorp (NYCB) recorded provisions for debt loss of more than twice the analysts' forecast average, and stock prices showed the biggest decline since March.
Currently, US commercial real estate loans of 94 billion dollars or more are bad loans
A loan maturity barrier of 1.500 trillion dollars will stand in the way in the next 2 years - Pimco
Expectations that the pain of the US office recession would subside due to a drop in borrowing costs were swept away.
Deutsche Bank increased and increased reserves in preparation for the loss of loans for US commercial real estate, and Blackstone's real estate investment trust (REIT) “Blackstone Mortgage Trust” reduced dividends. The New York Community Bancorp (NYCB) recorded provisions for debt loss of more than twice the analysts' forecast average, and stock prices showed the biggest decline since March.
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