Short Hills Capital Managing Partner Steve Weiss warned of the potential impact of commercial real estate’s wall of debt on CNBC’s Halftime Report, citing the size of the wall and how soon it would need to be refinanced.
“You’re going to see a trillion that’s got to be refinanced not that far away from now,” Weiss said.
Moreover, the collapses of Silicon Valley Bank and First Republic Bank were just the beginning, and the other shoe hasn’t dropped for other banks yet, he said.
“Leases haven’t ended,” Weiss said. “People haven’t walked away from their leases. That’s going to happen.”
Short Hills Capital is an alternative investment…