USA Property

USA Property

Banks face $2tn of maturing US property debt over next 3 years

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Banks will have to cut their exposure to commercial real estate because of a $2tn “wall” of property debt coming due in the next three years, according to a leading US brokerage. “Banks will be under pressure,” said Barry Gosin, chief executive of Newmark, which handled $50bn of loan sales for failed Signature Bank. Post-financial crisis regulation meant some lenders would need “to liquidate their loans or find other ways to reduce their...
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