Estimated reading time: 0 minutes, 26 seconds

Bank Crisis Turns Screws on $900B in Commercial Property Debt

Friday, Mar 24 2023
Commercial Lending
Written by  The Mortgage Leader

The recent collapse of Silicon Valley Bank and Signature Bank has raised the pressure on commercial property owners as they face a combined $900 billion in loans coming due through 2024. So reports Bloomberg.

silicon valley bankAccording to a new report from MSCI Real Assets, almost $400 billion in commercial property debt matures this year, with another $500 billion due next year.

Local and regional banks represented the largest source of newly originated debt for landlords last year, at roughly 27% of financing, MSCI Real Assets said.

Read the full article from Bloomberg. 

Read 538 times
Rate this item
(0 votes)
More in this category: « KBW Projects Double-Digit Valuation Declines for CRE Commercial Property Faces Signs of Mounting Pressure »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline