Real Estate
Property Loans Are So Unappealing That Banks Want to Dump Them
- Disconnect over pricing has made transactions tougher
- Finding buyers for certain loans such as office debt is tricky
This article is for subscribers only.
Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.
Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt backed by offices, hotels and even apartments in recent months, but many are finding that tidying up loan books is no easy feat when concerns about commercial real estate have surged.