"NEW YORK (Reuters) - At least two-thirds of the $410 billion of U.S. commercial mortgage-backed securities (CMBS) loans that mature from this year through 2018 are not likely to qualify for refinancing, according to a report by Deutsche Bank.
The predictions get worse for loans made in 2007 -- the height of the commercial real estate bubble -- where 80 percent are unlikely to qualify, according to the report released on Thursday by Deutsche Bank debt researchers."
This has kinda flown under the radar of late, but it is something to keep an eye on. Especially Chinese/Hong Kong money that poured into office/commercial real estate market in the West.Full article here
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