{"id":3405,"date":"2023-12-13T02:24:10","date_gmt":"2023-12-13T02:24:10","guid":{"rendered":"https:\/\/cred-iq.com\/blog\/?p=3405"},"modified":"2024-12-25T02:08:25","modified_gmt":"2024-12-25T02:08:25","slug":"2024-commercial-real-estate-maturity-outlook-2023-cre-loan-maturities","status":"publish","type":"post","link":"https:\/\/cred-iq.com\/blog\/2023\/12\/13\/2024-commercial-real-estate-maturity-outlook-2023-cre-loan-maturities\/","title":{"rendered":"2024 CRE Maturity Outlook: A Deep-dive Analysis into the Wall of Maturities"},"content":{"rendered":"\n<p>CRED iQ prepared for the year ahead in commercial real estate by analyzing securitized commercial mortgages with maturity dates scheduled in 2024 and 2025. CRED iQ\u2019s database has approximately $210 billion in commercial mortgages that are scheduled to mature in 2024, with an additional $111 billion of CRE debt maturing in 2025.&nbsp; In total, CRED iQ has aggregated and organized a total of $320 billion of commercial mortgages slated to mature within the next 24 months.&nbsp; <\/p>\n\n\n\n<p>The dataset included is comprised of loans securitized in CMBS conduit trusts, single-borrower large-loan securitizations (SBLL) and CRE CLOs, as well as multifamily mortgages securitized through government-sponsored entities. <\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-black-color has-text-color has-background\" href=\"https:\/\/cred-iq.com\/browse\" style=\"border-radius:13px;background-color:#04f099\" target=\"_blank\" rel=\"noreferrer noopener\">Search Maturing Loans<\/a><\/div>\n<\/div>\n\n\n\n<p>The next 12 months have the highest volume of scheduled maturities for securitized CRE loans over a period of 10 years ending 2033.  Let\u2019s dive into the details.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Commercial Mortgages Maturing<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"901\" height=\"535\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-1.png\" alt=\"\" class=\"wp-image-3406\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-1.png 901w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-1-300x178.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-1-768x456.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-1-696x413.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-1-150x89.png 150w\" sizes=\"auto, (max-width: 901px) 100vw, 901px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Includes CMBS, Insurance, Bank\/Balance Sheet, Agency, and Debt Funds<\/li><li>In 2024, $659 billion in commercial loans are slated to mature<\/li><li>In 2025, $539 billion in commercial loans are slated to mature<\/li><li>In total, $1.2 Trillion will mature in the next 24 months<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Maturity by Year:&nbsp; Active Loan Balances of Securitized Universe<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"871\" height=\"512\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-4.png\" alt=\"\" class=\"wp-image-3407\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-4.png 871w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-4-300x176.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-4-768x451.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-4-696x409.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-4-150x88.png 150w\" sizes=\"auto, (max-width: 871px) 100vw, 871px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>CRED iQ\u2019s securitized universe includes CMBS, SBLL, CRE CLO, Freddie Mac, Fannie Mae, and Ginnie Mae<\/li><li>2024 and 2025 have the largest aggregate balances of maturing loans<\/li><li>In 2024, $210 billion of CRE debt will mature.<\/li><li>In 2025, $111 billion of CRE debt will mature.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> <strong>CMBS Issuance Trends<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"876\" height=\"525\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-5.png\" alt=\"\" class=\"wp-image-3408\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-5.png 876w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-5-300x180.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-5-768x460.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-5-696x417.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-5-150x90.png 150w\" sizes=\"auto, (max-width: 876px) 100vw, 876px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Since 2012, CMBS issuance has averaged $76 billion per year<\/li><li>The market significantly slowed down in 2008-2010 due to the Great Financial Crisis<\/li><li>In 2021, CMBS issuance totaled $111 billion as the market rebounded after the Covid shutdown.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Property Type Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"714\" height=\"344\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-6.png\" alt=\"\" class=\"wp-image-3410\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-6.png 714w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-6-300x145.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-6-696x335.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-6-150x72.png 150w\" sizes=\"auto, (max-width: 714px) 100vw, 714px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"515\" height=\"357\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-7.png\" alt=\"\" class=\"wp-image-3411\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-7.png 515w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-7-300x208.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-7-150x104.png 150w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-7-218x150.png 218w\" sizes=\"auto, (max-width: 515px) 100vw, 515px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Multifamily represents the largest asset class of maturing loans.&nbsp; $113 billion (35%) of multifamily will mature these next 24 months.&nbsp; <\/li><li>The second-largest sector is office ($46.6 billion) then hotel with $42.3 billion.<\/li><li>Retail loans coming due over the next 24 months total $31 billion. <\/li><li>Industrial loans totaling $30 billion are slated to mature in 2024 or 2025.<\/li><li>Self-storage loans have approximately $5.3 billion coming due over the next two years.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Search all Commercial Property Types on the CRED iQ Platform<\/h3>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-black-color has-vivid-green-cyan-background-color has-text-color has-background\" href=\"https:\/\/cred-iq.com\/browse?t=Multifamily\" style=\"border-radius:10px\" target=\"_blank\" rel=\"noreferrer noopener\">Multifamily Loans<\/a><\/div>\n\n\n\n<div class=\"wp-block-button has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-black-color has-vivid-green-cyan-background-color has-text-color has-background\" href=\"https:\/\/cred-iq.com\/browse?t=Office\" style=\"border-radius:10px\" target=\"_blank\" rel=\"noreferrer noopener\">Office Loans<\/a><\/div>\n\n\n\n<div class=\"wp-block-button has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-black-color has-vivid-green-cyan-background-color has-text-color has-background\" href=\"https:\/\/cred-iq.com\/browse?t=Retail\" style=\"border-radius:10px\" target=\"_blank\" rel=\"noreferrer noopener\">Retail Loans<\/a><\/div>\n\n\n\n<div class=\"wp-block-button has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-black-color has-vivid-green-cyan-background-color has-text-color has-background\" href=\"https:\/\/cred-iq.com\/browse?t=Industrial\" style=\"border-radius:10px\" target=\"_blank\" rel=\"noreferrer noopener\">Industrial Loans<\/a><\/div>\n\n\n\n<div class=\"wp-block-button has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-black-color has-vivid-green-cyan-background-color has-text-color has-background\" href=\"https:\/\/cred-iq.com\/browse?t=Hotel\" style=\"border-radius:10px\" target=\"_blank\" rel=\"noreferrer noopener\">Hotel Loans<\/a><\/div>\n\n\n\n<div class=\"wp-block-button has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-black-color has-vivid-green-cyan-background-color has-text-color has-background\" href=\"https:\/\/cred-iq.com\/browse?t=Self+Storage\" style=\"border-radius:10px\" target=\"_blank\" rel=\"noreferrer noopener\">Self Storage Loans<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Origination Dates<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"807\" height=\"474\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-8.png\" alt=\"\" class=\"wp-image-3412\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-8.png 807w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-8-300x176.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-8-768x451.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-8-696x409.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-8-150x88.png 150w\" sizes=\"auto, (max-width: 807px) 100vw, 807px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Approximately $100 billion of upcoming maturing loans were originated in 2014 or 2015 as 10-year loans.<\/li><li>Over $80 billion of 2021 originated loans are set to expire in the next 24 months.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Market Analysis &#8211; Top 25 MSAs<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"801\" height=\"525\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-9.png\" alt=\"\" class=\"wp-image-3413\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-9.png 801w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-9-300x197.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-9-768x503.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-9-696x456.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-9-150x98.png 150w\" sizes=\"auto, (max-width: 801px) 100vw, 801px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Second-Tier Market Analysis (Top 26 to 50)<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"854\" height=\"505\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-10.png\" alt=\"\" class=\"wp-image-3414\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-10.png 854w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-10-300x177.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-10-768x454.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-10-696x412.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-10-150x89.png 150w\" sizes=\"auto, (max-width: 854px) 100vw, 854px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The New York MSA has the largest amount of maturing loans in the next 24 months.<\/li><li>LA, Dallas, San Francisco and Atlanta are in the Top 5 markets with the highest totals of CRE debt coming due.<\/li><li>Charlotte, NC ranks in the top of the second tier of markets with $1.8 billion of CRE debt maturing by 2025.<\/li><li>Nashville, Detroit, Raleigh, and Allentown round out the Top 5 largest markets with maturing loans within the second tier.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Interest Rates<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"799\" height=\"484\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-11.png\" alt=\"\" class=\"wp-image-3416\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-11.png 799w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-11-300x182.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-11-768x465.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-11-696x422.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-11-150x91.png 150w\" sizes=\"auto, (max-width: 799px) 100vw, 799px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Of the $320 billion set to mature in 2024 or 2025, 43% have current interest rates below 5.00%.<\/li><li>14.7% of maturing loans in the next two years have an existing interest rate under 4.00%.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Original Cap Rates<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"783\" height=\"476\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-12.png\" alt=\"\" class=\"wp-image-3417\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-12.png 783w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-12-300x182.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-12-768x467.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-12-696x423.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-12-150x91.png 150w\" sizes=\"auto, (max-width: 783px) 100vw, 783px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>35% of the maturing loans had an original cap rate of less than 4.0% at the time of loan origination.<\/li><li>18% of the maturing loans in the next two years had a cap rate between 4.0% and 5.0%.<\/li><li>Most of the maturing loans were originated in 2014 and 2015, during a period of lower cap rates.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"858\" height=\"486\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-13.png\" alt=\"\" class=\"wp-image-3418\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-13.png 858w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-13-300x170.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-13-768x435.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-13-696x394.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2023\/12\/CRED-iQ-Commercial-Mortgages-Maturing-CMBS-Loan-Data-13-150x85.png 150w\" sizes=\"auto, (max-width: 858px) 100vw, 858px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Multifamily had the lowest average cap rate with 5.48%.&nbsp; <\/li><li>The second-lowest average cap rate was 5.81% for the self storage sector. <\/li><li>Average office cap rates at the time of loan origination was 6.84% for the loans that are coming due in the next 24 months.&nbsp;<\/li><\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 has-custom-font-size is-style-round has-regular-font-size\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-to-vivid-purple-gradient-background has-text-color has-background\" href=\"https:\/\/cred-iq.atlassian.net\/servicedesk\/customer\/portal\/2\/create\/19\" style=\"border-radius:11px\" target=\"_blank\" rel=\"noreferrer noopener\">CRED iQ Free Trial Sign Up Form<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>About CRED iQ<\/strong><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/cred-iq.com\/\" target=\"_blank\">CRED iQ<\/a>&nbsp;is a data &amp; analytics platform used by commercial real estate brokers, lenders, investors, and appraisers. It provides an easy-to-use interface, comprehensive and official loan data, true borrower and owner contact information, and a built-in valuation tool. As an official data provider, CRED iQ\u2019s precise and audited data includes across all property types and geographies, all of which help CRE professionals leverage CRED iQ for a wide spectrum of use cases such as uncovering acquisition and lending opportunities, market analysis, underwriting, &amp; risk management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CRED iQ prepared for the year ahead in commercial real estate by analyzing securitized commercial mortgages with maturity dates scheduled in 2024 and 2025. CRED iQ\u2019s database has approximately $210 billion in commercial mortgages that are scheduled to mature in 2024, with an additional $111 billion of CRE debt maturing in 2025.&nbsp; In total, CRED [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3422,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[2,9,3],"tags":[4,5,8],"class_list":{"0":"post-3405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-research","9":"category-top-stories","10":"tag-cmbs","11":"tag-commercial-real-estate-data","12":"tag-loan-data"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/3405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/comments?post=3405"}],"version-history":[{"count":1,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/3405\/revisions"}],"predecessor-version":[{"id":4285,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/3405\/revisions\/4285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media\/3422"}],"wp:attachment":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media?parent=3405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/categories?post=3405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/tags?post=3405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}