Real Estate Pain Is Showing Up in an Obscure Investment Product
- Delinquencies soar as rising rates dent property resale values
- CRE CLO market is ‘first shoe to drop,’ says GenTrust’s Neely
An obscure investment product used to finance risky real estate projects is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property ventures.
Read more here: https://www.bloomberg.com/news/articles/2024-03-19/real-estate-pain-is-showing-up-in-collateralized-loan-obligations-clos