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Landlords Face a $1.5 Trillion Commercial Real Estate Maturity Wall - Bloomberg

Apartment buildings, which make up about 40% of the looming maturities, are at the center of the refinancing wave, the broker says. Many US owners of the assets known as multifamily bought their properties using three-year floating rate loans during the easy money era. Interest rate increases since then have eaten up much of their rental income, making it a challenge to secure additional equity.

#real-estate #interst-rates #rental - bloomberg.com

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