Bank Pullback Drives More Real Estate Financing to Shadow Lenders

Regional banks have been thought to be at risk from rising vacancies and lower valuations of commercial real estate, but asset managers and other non-banks are more exposed.


You can count on the Prospect, can we count on you?

There's no paywall here. Your donations power our newsroom as we report on ideas, politics and power — and what’s really at stake as we navigate another presidential election year. Please, become a member, or make a one-time donation, today. Thank you!