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A $1.5 trillion wall of debt looming for US commercial properties

Tuesday 11th of April 2023
The big question facing those borrowers is who’s going to lend to them?
“Refinancing risks are front and centre” for owners of properties from office buildings to stores and warehouses, Morgan Stanley analysts say.
The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults.<...
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