The Aggressiveness of Lenders in Dealing With Distress

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During the 2007-2008 financial crisis, lenders were able to work closely with their borrowers. Government intervention during COVID and in the period that has followed has been even more aggressive this time around. This is not a real estate driven crisis that we don't have deterioration in the performance of real estate portfolios as the driver of a deterioration in financial stability for the U.S.

As distress descends on commercial real estate, Deconstruct analyzes how past financial crises can inform how borrowers, banks and policy makers handle this down cycle. Guests include: Bob Knakal, JLL Senior Managing Director, Head of New York Private Capital Group; and Sam Chandan, Professor of Finance and Director of the Chao-Hon Chen Institute for Global Real Estate Finance at the New York University Stern School of Business.