News Formal

Office market troubles on the rise as loan payoff rate sinks below 70%

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

A credit crunch is hitting office landlords hard with mortgage debt coming due, causing a smaller share of loans to repay on time, according to Deutsche Bank...

A credit crunch for landlords with maturing mortgage debt on office buildings has dropped the rate of timely loan repayments to below 70%, according to Deutsche Bank researchers.

“The office credit crunch has reduced [the] timely office payoff rate from 93% in mid 2021 to below 70% today,” Ed Reardon’s research team at Deutsche Bank wrote, in a Wednesday client note.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Recent pullback creating a buying opportunity in certain airline stocks, says Deutsche BankThe firm has three major carriers that are buy worthy.
Source: CNBC - 🏆 12. / 72 Read more »