Commercial real estate ‘next shoe to drop’ for bruised lenders: Apollo’s Kleinman


That’s a warning from Scott Kleinman, co-president at Apollo Global Management, in remarks to the Financial Times published Tuesday. Kleinman noted that the private market hasn’t yet to started to heavily mark down commercial real estate.

But there are signs of stress.

Issuance of commercial mortgage-backed securities, or bonds sold by Wall…

Sign up to receive the best Underground art & real estate news in your inbox everyday.

We don’t spam! Read our privacy policy for more info.

This post was originally published on this site