The Flexibility of Lenders in the Office Sector

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As a general rule, I'm always of the belief that the bank doesn't want to end up with the asset. That means that at least in spirit, lenders are quite inclined to work with and engage with borrowers. It is not just about ensuring stability or helping to put a floor on your office valuations. The commercial banks in the United States are a space that requires attention and care.

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.