Office building foreclosure risks are on the horizon. At the onset of the pandemic, many lenders provided short-term loan extensions while the world tried to wait things out, but many of these mortgages are now once again coming due. The rising interest rate environment and historically high vacancy rates have resulted in reduced office property valuations and are proving to be a precarious combination of factors for many owners.
Finish reading here Office Foreclosure Risks – 5.18.23