Giant loans on 10 major US office towers are due soon, stoking fears of more defaults that could be the next crisis to hit banks

BusinessInsider/Alex Nicoll/5-5-2023

“The large loans that landlords use to purchase and operate office buildings were once a topic only niche watchers of the commercial-real-estate industry cared about. Now economists and analysts wonder whether these debts could push a wobbling economy into a recession when they come due.”

USAGOLD note: The commercial real estate market and supportive cast of bank lenders are at the epicenter of the radical demographic shifts underway around the world. The article lists the ten towers at risk and their credit circumstances. Banks will want appraisals before rolling the loans.

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Photo attribution: Zakarie Faibis, CC BY-SA 4.0 , via Wikimedia Commons