Banks are being compelled to pull back from real estate lending in the face of falling values and the imminent introduction of new Basel III rules that introduce a minimum capital floor.
Signature Bank, which has a sizable commercial real estate loan portfolio, was shut by regulators in the wake of the Silicon Valley Bank collapse. The Biden administration has revived a proposal to end the tax advantages provided by like-kind exchanges. These are among today’s must reads from around the commercial real estate industry.
