Shadow lenders push deeper into risky commercial real estate

Seven years after the financial crisis, private funds in the U.S. are extending their push into traditional banking.

So-called shadow lenders — asset managers that operate outside the banking industry’s regulatory oversight — have been making an increasing number of leveraged loans to midsize businesses.

 Now their involvement is growing in commercial real estate, a market that scorched traditional lenders when it blew up after the 2008 financial crisis.
Read entire article in Seattle Times here.

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