$103B In CMBS Loans Maturing This Year To Test ‘Extend And Pretend’

July 7, 2023 / no comments

Approximately $103B worth of CMBS loans are set to mature during the second half of 2023, and another $126B is due to mature in 2024, setting the stage for a tumultuous 18 months in the debt market.
New data from Trepp shows the total CMBS debt due in the next 18 months is $232B, while an additional $51.5B of collateralized loan obligations and $27B of agency debt is also due by the end of next year, bringing the total maturing CRE debt for the next 18 months to $310.5B.
The majority of the loans coming due could be in a precarious position — 10-year deals signed in 2013…