With nearly $1.5 trillion in commercial mortgages coming due over the next three years, many landlords are vulnerable to default in part because of how their loans are structured. By June 6, 2023 12:01 am ET Share Listen (2 min) The owner of the Centre Square office complex in Philadelphia was unable to pay off a $368 million balloon mortgage against the property when it came due. Photo: jessica kourkounis/Reuters Nearly $1.
By June 6, 2023 12:01 am ET Share Listen (2 min) The owner of the Centre Square office complex in Philadelphia was unable to pay off a $368 million balloon mortgage against the property when it came due. Photo:
jessica kourkounis/Reuters Nearly $1.5 trillion in commercial mortgages are coming due over the next three years, according to data provider Trepp. Many of the commercial landlords on the hook for the loans are vulnerable to default in part because of the way their loans are structured.
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Source: headtopics.com
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