As Shadow Lenders Prep for Real Estate Push, Offices Are in Focus
- Offices account for a quarter of $10 trillion CRE market
- Distress in sector not yet evident but is widely expected
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Shadow lending firms are preparing to push into commercial property financing as regional banks — wounded from the blowup of Silicon Valley Bank — beat a retreat.
Among the possible entry points are office properties, especially if values continue falling and banks look to offload the loans. With few buyers willing to wade into those murky waters, lenders with the capital and knowhow may find bargains.