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Even Wealthy Landlords Are Skipping Payments on Office Buildings

18 points| newmac | 3 years ago |bloomberg.com

3 comments

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scarface74|3 years ago

> Or not. Last month, Columbia Property Trust defaulted on about $1.7 billion worth of mortgages

“If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem”

fbdab103|3 years ago

What is the largest office building that has been seized by a lender? How do you go about re-selling such a building or does the bank just have to become a landlord and rent it out piece by piece?