US Regulators Asks Lenders to Help Firms With Commercial Real Estate Stress

The top US bank regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market.

  • Property owners have come under pressure as borrowing costs soared, causing companies including Brookfield Corp. and an office landlord managed by Pacific Investment Management Co. funds to default on debt.
  • Office owners are particularly struggling as higher borrowing costs complicate financing and tenants pull back given layoffs and the rise of remote work.

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