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.
After raising rates rapidly over the past year, officials are concerned over the potential of a slowdown or even higher inflation.
An escalating chip war between the U.S. and China is putting chip makers in the crosshairs.
An escalating chip war between the U.S. and China is putting chip makers in the crosshairs.
Campers frustrated by limited availability have prompted states to tighten reservation rules for no-shows.
Prosecutors are examining whether a securities broker and his associates traded on unlawfully obtained information about planned mergers and acquisitions.
The maker of Cheerios and Bisquick pancake mix said its top line rose 3%, boosted by higher prices.
Some positive signs at the independent investment bank might herald a better-than-feared quarter for its megabank competitors.
The company said the option would give couriers greater choice. It could also help DoorDash find people who will make less desirable deliveries.
Takeover hopes at embattled car insurer Root shouldn’t obscure a broader message for investors: Many traditional industries are impervious to technological revolutions.