Top Real Estate Mogul Warns ‘500 or more’ Banks Will Either Fail or Be Consolidated Over the Next Two Years

RXR Chairman and CEO, Scott Rechler, was quoted by Fortune about the impact of maturing CRE loans on local banks.

“Scott Rechler has faith that many commercial real estate owners, operators, and lenders will figure out a way to overcome the challenges facing them, but he’s more skeptical about regional banks.”

Fortune Article →

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