Will commercial real estate be the next bubble to burst in the United States? “It will be at least as bad as 2008” – Business AM

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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Vince Fernandez

"Professional food trailblazer. Devoted communicator. Friendly writer. Avid problem solver. Tv aficionado. Lifelong social media fanatic."

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