Financial Climate Change! Billionaire Sternlicht Warns CRE Storm Now “Category 5 Hurricane” (Starwood Defaults On $212.4 Million Commercial Mortgage Loan In Atlanta)
by confoundedinterest17 No, this isn’t a John Kerry/Greta Thunberg hysterical warning about climate change. But a storm created by 1) Biden/Congress spending splurge and 2) excessive monetary stimulypto by The Federal (Feral) Reserve. Now that The Fed is withdrawing the excess stimulus, we are seeing a world of pain for commercial real estate. A financial …