The pressure on lenders and borrowers to deal with problem loans is ratcheting up, and 2024 will see a significant uptick in distressed sales. That was the verdict of a panel of lenders speaking at Bisnow’s Real Estate Outlook event in London, held at the Royal Institution of Great Britain. Consensual sales will come first as loans that need to be refinanced can’t be, due to higher interest rates, panellists said. Then things will start to get more acrimonious. 
“You’re going to see more consensual sales in the first half of next year,” Nuveen Head of Debt Capital Markets EU and APAC Farrah Brown said. “Lenders have tried to weather the storm but are coming under increased pressure from regulators to deal with problems. Regulators are… Read the full story here. | 
