Episode Details

Ten point seven billion dollars in performing office loans with debt service coverage ratios below 1.00x are approaching hard maturity by 2029. The real pressure point is 2028, when four point five billion across thirty six loans hit contractual deadlines with zero extension options remaining. This episode breaks down the refinancing math that's broken for office, the geographic concentration of distress in gateway markets like San Francisco and Chicago, and what borrowers actually need to do between now and their maturity date. It's not an office apocalypse. It's a repricing moment. But the window is closing fast.