A tall wall of hard-to-refinance debt in the formerly high-flying and still in-demand multifamily sector is coming in October and November, according to a new report by Gray Capital.
In October alone, well over $4B in commercial mortgage-backed securities loans associated with multifamily properties will come due, and November’s total will be nearly $4B, multifamily investor Gray Capital reports, citing CoStar data. Those totals don’t count non-CMBS loans, so the actual total will be even higher than those figures.