Yeah loan covenants lock you in like that. But banks don’t want to manage or sell big commercial properties. If it gets dicey for property owners, they’ll work out a deal with their bank.
Remember Getty:
If you owe the bank $100, that's your problem.
If you owe the bank $100 million, that's the bank's problem.
Remember Getty:
If you owe the bank $100, that's your problem.
If you owe the bank $100 million, that's the bank's problem.