Commercial and residential construction In Minnesota, US. Rising interest rates and worries about defaults have already hurt commercial mortgage-backed securities deals. Bloomberg
Commercial and residential construction In Minnesota, US. Rising interest rates and worries about defaults have already hurt commercial mortgage-backed securities deals. Bloomberg

Business

Property

US commercial property owners with $1.5tn debt seek lenders

Morgan Stanley estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing risk of defaults

Bloomberg

April 11, 2023