US Commercial Properties Face a $1.5 Trillion Wall of Debt
The US commercial real estate market is facing a looming wall of debt. According to Bloomberg, almost $1.5 trillion of debt is due for repayment before the end of 2025. This presents a big question: who will lend to these borrowers?
This news comes at an inopportune time as recession probabilities are rising and the Federal Reserve may be nearing its end, according to former Treasury Secretary Larry Summers. With fewer lending options available, businesses may struggle even more than they already have during this pandemic-induced economic downturn.
At the same time, many companies are laying off workers or struggling with layoffs because Amazon and Google can’t keep up with demand while Walmart has sued Capital One over its credit card partnership agreement – all signs that businesses could use some help right now.
Fortunately, some lenders are still willing to provide financing for commercial properties despite this massive amount of impending debt repayments; however, those looking for loans must act quickly if they want to access capital before their deadline passes by 2025!Read more at Yahoo Finance