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Overseas lenders and EB-5 investors took big losses at Brooklyn office tower 1 Willoughby Square, highlighting distress in the property’s capital stack. The article underscores valuation pressure and downside risk in commercial real estate financing, especially for foreign and alternative capital providers. Market impact is limited to a single asset but reinforces broader stress in office real estate and credit markets.

Analysis

Overseas lenders and EB-5 investors took big losses at Brooklyn office tower 1 Willoughby Square, highlighting distress in the property’s capital stack. The article underscores valuation pressure and downside risk in commercial real estate financing, especially for foreign and alternative capital providers. Market impact is limited to a single asset but reinforces broader stress in office real estate and credit markets.