Re:San Francisco braces for commercial real estate crash
by JumpCrisscross on Tuesday September 06, 2022 @02:01PM
(#32740702)
> most of the buildings are highly leveraged. There literally is no incentive unless the mortgages can be restructured, as the ultimate prices will be forwarded to the renter.
This is what recessions are useful for. Underwater mortgages still need to be serviced. There might be a deal in providing assistance to the lender in exchange for financing conversion.
This is what recessions are useful for. Underwater mortgages still need to be serviced. There might be a deal in providing assistance to the lender in exchange for financing conversion.