Wall Street Banks Are Exploring Sales of Office Loans in the US
Lenders are privately testing buyer appetites for debt, potentially looking for an exit before property values decline further.
The Socony-Mobil Building at 150 E. 42nd St. in New York.
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Some of the biggest lenders to US offices are weighing sales of loans on the properties as regulators heighten scrutiny on commercial real estate debt portfolios.
JPMorgan Chase & Co., Deutsche Bank AG and Barclays Plc are among companies privately gauging buyer appetites for office loans in cities such as New York and Washington where demand has dropped off, according to people familiar with the matter. Some lenders are offering discounts to make deals more attractive.