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https://www.wsj.com/articles/real-estate-deal-making-slows-as-bank-lending-tumbles-11658836800
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Wall Street is tightening the loan spigot on the commercial real-estate industry, which is putting a squeeze on deal making and values.
Banks are lending less and charging higher interest rates for the loans they make to owners and buyers of office buildings, shopping centers and other commercial real estate. The tightening is a response to the sharp increase in interest rates this year triggered by high inflation as well as concerns of a possible recession that would lead to an increase in defaults.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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