Reported about 1 month ago
Commercial landlords are facing a significant challenge with $1.5 trillion in debt maturing by the end of next year, of which a substantial portion may be difficult to refinance. The rise in interest rates has decreased property values and increased borrowing costs, complicating the financial landscape for owners, particularly in the multifamily sector. This situation could lead to distress among many properties, raising concerns about the stability of the commercial real estate market, though some lenders are beginning to extend new lines of credit.
Source: YAHOO