Nonbank mortgage lender TPG Real Estate Finance Trust has sold off nearly $1 billion worth of commercial real estate debt to fight off margin calls, as it faces a coronavirus-fueled cash crisis. TPG made the disclosure at its first quarter earnings call Tuesday, saying liquidity constraints raise substantial doubt about its ability to continue “as a going concern.” The announcement also follows a lawsuit New York real estate developer Somera Road filed against the lender The post TPG Real Estate Finance sells off $1B worth of CRE debt appeared first on The Real Deal New York.