The commercial real estate (CRE) sector faces $ 362 billion in maturing debt this year, according to the latest estimates from Trepp LLC. For the five-year period of 2012 to 2016, the company’s research team estimates $ 1.73 trillion of CRE maturities, with the largest one-year sum of $ 371.1 billion dropping in 2013. They also reported that nearly two-thirds of the maturities through 2016 are underwater or close to sinking underwater, which could reduce borrowers’ chances for extending the loan term upon reaching the balloon date.
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