Will empty offices cause the next banking crisis? Commercial real estate 'debt bomb' of $929 billion comes due this year with HUNDREDS of banks facing insolvency runs if default rates on the loans spike
[Daily Mail, where America gets its news] - Some $929 billion in commercial real estate loans will come due in 2024
- About 14% of all CRE loans and 44% of office loans appear to be underwater
- Recent study warns of widespread risk of bank failures if defaults spike to 10%
Posted by: Skidmark 2024-02-18 |