Real Estate
Commercial-Property Loans Coming Due in US Jump to $929 Billion
- Maturities have soared as more debt was extended, MBA says
- Banks hold largest share of maturing loans at $441 billion
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Nearly 20% of outstanding debt on US commercial and multifamily real estate — $929 billion — will mature this year, requiring refinancing or property sales.
The volume of loans coming due swelled 40% from an earlier estimate by the Mortgage Bankers Association of $659 billion, a surge attributed to loan extensions and other delays rather than new transactions.