Home Commercial Banc of California Dumps $827MM in CRE and Construction Loans, Swings to $251MM Loss in Balance-Sheet Reset
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Banc of California Dumps $827MM in CRE and Construction Loans, Swings to $251MM Loss in Balance-Sheet Reset

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Refinitiv, Capital Economics, CRE Finance Council, CREFC, Commercial Real Estate Lending
Photo by Iro Klg on Unsplash
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Los Angeles-based Banc of California absorbed its first quarterly loss in more than two years and moved to shed $827 million of commercial real estate and construction loans, a decisive retreat from the property exposures that have weighed on regional banks since interest rates climbed. The lender reported a second-quarter net loss of $251.3 million, […]

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