Recent reports and articles have discussed upcoming commercial real estate debt maturities, with the main focus on the office sector. A white paper released by CommercialEdge indicated that “conditions are ripe for a spike in commercial mortgage delinquencies” due to rising interest rates, lender cut backs and weaker property fundamentals. According to Trepp data cited in the paper, 5.6% of CMBS loans were in special servicing as of April 2023 – down from 10.5% during pandemic peak but twice pre-pandemic levels (2.7%).
The white paper indicated that loans on 15.6% of office properties nationwide will reach maturity by 2025 while 13.5% industrial property loans will also mature between 2023 and 2025; Yardi Matrix Director of U
