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Bloomberg Businessweek Weekend - June 23rd, 2023
Bloomberg Businessweek
The Importance of Extended and Pretending
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A commercial real estate loan doesn't work like your 30 year mortgage rate. You at the end of your five or 10 year term, there's a balloon payment. It's clear that vacancy rates are still at record heights and getting worse in many major cities. So, you know, it's time to start writing off the loans.
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