Goldman Sachs CEO David Solomon warns of pain forward for commercial real estate

Vital Points

Goldman Sachs CEO David Solomon instructed CNBC’s Sara Eisen the New York-centered agency will submit impairments on loans and equity investments tied to commercial true estate in the 2nd quarter.
“You can find no concern that the serious estate market place, and in certain business real estate, has come below strain,” Solomon mentioned in the job interview on CNBC’s “Squawk on the Street.”
On major of Goldman’s lending routines, it also took immediate stakes in authentic estate that will also confront markdowns, Solomon explained.

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