Get ready for cascading defaults as commercial real estate being run into the ground. The trend of walking away from commercial mortgages is just beginning.
by Simian_Stacker lololololol pic.twitter.com/9eHXg1CN6v — KKGB (@INArteCarloDoss) June 6, 2023 Banks Cutting Losses on Distressed Office Loans Earlier this year, RXR dropped a bomb on New York commercial real estate. CEO Scott Rechler signaled that his firm might hand lenders back the keys of two office towers that he likened to film cameras in a …