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Commercial Real Estate Grapples With $1 Trillion Refinancing Tsunami In 2024, Over $200 Billion In Office Debt

Benzinga ·  Feb 29 02:23

A staggering $929 billion of commercial real estate (CRE) mortgages are on the brink of maturity in 2024, representing nearly a fifth of the sector's overall $4.7 trillion debt, data fromGoldman Sachsrevealed Wednesday.

This critical insight comes at a time when the CRE debt market grapples with double-digit interest rates, exceeding 12%, complicating refinancing efforts for industry players.

The big question that is looming: Will the CRE sector weather the storm, or will the ticking debt time bomb detonate widespread financial spillovers?

2023: A Year of Dwindling Transactions and Rising Delinquencies

The U.S. CRE market's transaction volumes have plummeted...

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