199. Office Delinquencies Hit 5-Year High; Issuance Defies Debt Ceiling Drama; State of CRE Market
The TreppWire Podcast: A Commercial Real Estate Show
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The CEO of Wells Fargo Says There Will Be Losses in the Office Loan Space but the Lender Will Be Proactively Managing Its Portfolio
The CEO of Wells Fargo came out and said that there will be losses in the office loan space, but the lender will be proactively managing its portfolio. We started seeing it with M&T probably two months ago when they said they thought that there were significant losses sitting in their office portfolio book. So I think this is a story we'll still be talking about 24 or 36 months from now. The banks are in for a long haul.
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