X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

“Pretend-and-extend” has become the mantra of lenders nationwide, helping keep many nonperforming loans out of default for the time being. However, a few lenders are forgoing this “kick-the-can” strategy and taking a pragmatic, if unenviable, position of preemptively marking down the value of performing loans pending default and selling them back to the borrower. Although currently an uncommon practice, it may come to define the future for many lenders.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.