- US commercial real estate debt of $1.5tn due for repayment by 2025.
- Refinancing risks are front and center for owners.
- Office and retail property valuations could fall up to 40%.
- Small and regional banks rocked by deposit outflows.
- 70% of commercial real estate loans held by banks.
A $1.5 Trillion Wall of Debt Is Looming for US Commercial Properties
Almost $1.5 trillion of US commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them?
Neil Callanan
