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March 22, 2023

Fully Leased Alpharetta Office Building Faces Foreclosure

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The lender on a fully occupied Alpharetta office building has moved to foreclose on its owner, a move that shows just how aggressively some banks are trying to remove office debt from their books.

Fully Leased Alpharetta Office Building Faces Foreclosure

Renasant Bank has filed a notice of mortgage foreclosure in Fulton County for an $11.9M loan attached to 3750 Brookside Parkway, a two-story, 105K SF office building owned by OA Management within Brookside Business Park, according to public notices listed in the Fulton County Daily Report.While the building is now completely…

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Prominent Lobbying Group Seeks Government Help Avoiding CRE Debt Maturity Crisis

Commercial real estate valuations have been dropping this year, and some industry leaders are worried they are locked on a path toward disaster in the absence of government intervention.

Prominent Lobbying Group Seeks Government Help Avoiding CRE Debt Maturity Crisis

Real Estate Roundtable President and CEO Jeffrey DeBoer published an open letter on March 17 calling for emergency measures that would allow borrowers and lenders to work out short-term debt extensions without government-guided financial institutions labeling them as troubled debt restructurings.In the letter, initially reported by GlobeSt, DeBoer acknowledged that the Federal Reserve raising its benchmark interest…

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Nearly 190 Smaller Banks Would Collapse If Hit By Depositor Runs, New Study Finds

Nearly 190 Smaller Banks Would Collapse If Hit By Depositor Runs, New Study Finds   Despite stabilization efforts by both the public and private sector alike, smaller banks may still be at risk of suffering the same fate as Silicon Valley Bank. Nearly 190 banks would be insolvent if even half of their uninsured deposits were withdrawn, according to a >

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