Paul Shannon predicted that lenders would stop extending loans and would force sales or refinances of underwater commercial real estate properties in 2025, leading to absorbed losses.
"I think this year will be the year where it's like okay if if you haven't figured it out at this point we can't pretend anymore we've got to figure out something here we if you can't refinance we're just going to force you to sell basically and you're going to have to absorb those losses and let's clean the Slate"