WASHINGTON, DC—A chief question on many borrowers' minds thesedays is not what can or cannot get done right now. Rather, it iswhat will be able to get done in the next few years when thelooming schedule of debt maturities comes due in 2016, 2017 and2018.
This theme, explored in the Aprilissue of Real Estate Forum, is surprisinglyrelevant to borrowers in the DC area-a group and a market that ismore accustomed to being pursued by lenders than vice versa.
In general, the real estate industry has faced down thisquestion before, notes John R. Mallin, a Hartford,CT-based commercial real estate partner at McCarter &English who represents developers on a variety of realestate finance issues. "We see this scenario on occasion, asearlier transactional and refinance activity, and the terms of theCMBS debt that drove it, create significant debt maturing aroundthe same time," he says.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
