Some Distress Will Emerge Amid 
Wall of Loan Maturities

Just a regular paragraph

This is a Heading 2

This is a Heading 3

This is a Heading 4

This is a Heading 5

This is a Heading 6

This is a normal paragraph with multiple lines of content. This is a normal paragraph with multiple lines of content. This is a normal paragraph with multiple lines of content. This is a normal paragraph with multiple lines of content. This is a normal paragraph with multiple lines of content. This is a normal paragraph with multiple lines of content

This is another normal paragraph with multiple lines of content. This is another normal paragraph with multiple lines of content. This is another normal paragraph with multiple lines of content. This is another normal paragraph with multiple lines of content. This is another normal paragraph with multiple lines of content.

This is an unordered list

• Item
• Another item

Looming Wall of Maturing Loans

Nearly $2 trillion of the $4.7 trillion in commercial real estate loans nationwide will mature over the next three years, according to the Mortgage Bankers Association. CBRE expects that most of these loans will be extended, although some forced sales will occur as lenders lose patience or borrowers default.

Of the $900 billion in commercial real estate loans maturing this year, multifamily accounts for $257 billion and office $206 billion. Maturing loan totals for other sectors include $110 billion for industrial, $105 billion for hotels, $71 billion for retail and $19 billion for health care.

Many of the $700 billion in loans that came due last year were extended, increasing the total of loans coming due this year by $271 billion. Similarly, we expect that many of the 2024 maturities will be extended to 2025.