According to Newmark, there is now a $2 trillion maturity wall of CRE loans facing banks over the next three years. A dizzying sum.
"Banks will be under pressure," CEO Barry Gosin told the Financial Times. As the FT noted, the brokerage handled $50 billion of loan sales for the Federal Deposit Insurance Corporation after Signature Bank failed and the FDIC closed it down.
Yes, banks will be under pressure as they have been. But the statement raises a question. When the size of the oncoming wall — or wave or lava flow, or whatever to call the coming flood — is mentioned, is anyone really sure of the size?
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