February 28 | Debtwire

Workout Shops Eye Windfall Managing Slice Of $73.5B in Distressed Commercial Property Loans | by Joy Wiltermuth

Debtwire (Financial Times Group) reports: Workout shops want a part of the USD 73.5bn cache of problem commercial real estate loans on banks’ balance sheets, with outsourced loan management eyed as an opportunity, according to three fund managers. Cantor Fitzgerald, Rialto Capital Management and many other firms explored the trade in the immediate aftermath of the 2008 financial crisis, two sources familiar said. But at the time, banks weren’t ready to hand over the reins on problem loans, the sources said.

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In This Story: @SamChandan @ChandanEcon @WiltermuthJoy