From:
Commercial real estate 'debt bomb' of $929 billion comes due this year with HUNDREDS of banks facing insolvency runs if default rates on the loans spike.
- Some $929 billion in commercial real estate loans will come due in 2024
- About 14% of all CRE loans and 44% of office loans appear to be underwater
- Recent study warns of widespread risk of bank failures if defaults spike to 10%
