by Baptiste Lambert
Published in TO •
4 minimum reading
Published in TO •
4 minimum reading
Tighter credit conditions and monstrous debt soon to come due raise fears of the worst for US commercial real estate, especially since most lenders are small regional banks that are in the eye of the storm in the United States. .
Why is this important?
Rising interest rates will weigh heavily on US commercial real estate debt, a sector already hit hard during the coronavirus crisis.In the news : Patrick Carroll, CEO of real estate investment firm Caroll, sounds the alarm in an interview with CNBC.
- 1.5 billion dollars of debt will mature in the next 3 years. Consequently, they will have to be renegotiated or refinanced in one way or another.
- The problem is that credit conditions are much worse. The debt load could quickly spiral out of control. “cel”
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