The top regulators of the U.S. banking system are asking lenders to take it easy on commercial real estate owners who are faced with their most difficult environment in over a decade.
Banks should work with commercial real estate firms to find “accommodations and workouts” for upcoming maturities, a group of federal regulators said Thursday in announcing updated guidance for financial institutions.
The commercial real estate sector is facing almost $400B of loan maturities this year alone, and delinquencies are on the rise. The new guidance, which comes in a statement from the Federal Reserve, Federal Deposit Insurance Corp., the Office of the Comptroller…