CRE Debt Market Worries Look Less Troublesome
New signs of recovery are starting to emerge in the commercial realty market according to Tom Fink, Senior Vice President at Trepp, a provider of CMBS and commercial real estate debt information.
A year ago there were serious concerns regarding the massive volume of CRE debt that would needed to refinanced over the next 3 to 5 years. While loan delinquency rates are expected to rise in the short term, the situation looks less troublesome than a year ago.
“The market will find a way to fund the trillion to a trillion and a half of commercial mortgages that are going to have to be refinanced over the next three to five years”, said Mr. Fink.