Banks Want to Dump Property Loans

Goldman Sachs, JPMorgan Chase, and other lenders are facing challenges in selling commercial real estate debt due to rising concerns about the sector’s stability. The shift to remote work and job cuts have particularly impacted office property values, causing a market slowdown. While many banks are looking to offload such loans, possibly at discounts, actual distressed sales remain limited. The uncertain valuation of these assets has also led some lenders to stop issuing new commercial real estate loans altogether.