WASHINGTON, DC—An analysis of commercial mortgage-backedsecurities debt in the Washington, DC area shows that there will bea significant rise in the amount of loans coming due beginning inthe next 18 months.
Brokerage firm JLL calculates thatapproximately $5 billion in CMBS debt will be coming due on localcommercial properties in 2017 alone, about four times the amountprojected to be due this year.
The debt problem worsens when you consider D.C., Maryland andVirginia and not just the District and the suburbs. Credit ratingsfirm Morningstar puts the 2017 CMBS number forthat larger region at nearly $10 billion, according to theWashington Post.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
