Deutsche Bank (DB) to Offload $1B US Commercial Property Loans

Deutsche Bank (DB) plans to offload almost $1 billion of its U.S. commercial property loans to trim down commercial and real estate (CRE) loan exposure, per a Bloomberg report. The move comes as rising interest rates have weighed on profits in the bank’s real estate portfolio.The Frankfurt-based bank is marketing the loan book to secure some capital relief.Deutsche Bank is one of the largest lenders to U.S. commercial real estate developers and especially offices. As of Jun 30, 2024, DB’s loan portfolio com ...