Refinancing risk in CMBS hard maturities shifted from office to multifamily and hospitality in October, according to Trepp data reported by Connect CRE on Oct. 8.
Two large single-asset, single-borrower loans carry debt yields below 6.0% and together account for 66.79% of severely impaired loans: a national multifamily portfolio and a Honolulu resort.
As this publication has argued, maturing CRE debt is being rescheduled rather than paid down.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections