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Even Wealthy Landlords Are Skipping Payments on Office Buildings

18 pointsby newmacabout 2 years ago

3 comments

scarface74about 2 years ago
&gt; Or not. Last month, Columbia Property Trust defaulted on about $1.7 billion worth of mortgages<p>“If you owe the bank $100, that&#x27;s your problem. If you owe the bank $100 million, that&#x27;s the bank&#x27;s problem”
ttyprintkabout 2 years ago
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;mb8l9" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;mb8l9</a>
fbdab103about 2 years ago
What is the largest office building that has been seized by a lender? How do you go about re-selling such a building or does the bank just have to become a landlord and rent it out piece by piece?