May 16, 2024
Loans

Banks up Against $2 Trillion ‘Wall’ of Real Estate Debt

Banks are facing a $2 trillion “wall” of property debt, according to an American brokerage. As such, lenders must reduce their exposure to commercial real estate as that debt comes due over the next three years, Newmark CEO Barry Gosin told the Financial Times (FT) Monday (April 1). “Banks will be under pressure,” said Gosin, whose firm handled $50 billion in

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Loans

Why More Troubled Commercial Real Estate Loans Will Come Due In 2024

for refinancing, and higher interest rates all signal trouble for the commercial real estate sector. getty Sharp reductions in value for office buildings have many waiting for a major collapse in commercial real estate, which in turn would damage city and state budgets and possibly threaten major bank failures. Thus far, borrowers and lenders have

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