Landlords in the commercial real estate sector are indeed facing a significant challenge with $1.5 trillion of debt maturing by the end of next year. Approximately a quarter of this debt could be difficult to refinance due to higher interest rates and lower property valuations.
Regarding multifamily assets, around $95 billion of these properties in the U.S. are currently in distress or at risk of becoming distressed. This situation has led to an increase in the number of lenders submitting offers to refinance debt, with the number of quotes doubling on average this year.
https://finance.yahoo.com/news/landlords-face-1-5-trillion-190000246.html
https://www.insurancejournal.com/news/national/2024/09/03/791096.htm
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