Similar to what we’re seeing in Florida, as the wave of loans coming due on commercial real estate assets in NYC is beginning to crest – and with property values on the decline – lenders have a message for borrowers: Act fast to refinance maturing office loans.
The “distress” in the market opens up the possibility for huge returns — but taking that leap requires financial courage.
CLICK HERE to read more about this real estate trend from a recent BizNow article.
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