Multifamily loans are coming due and facing a stress test
by Paul Fiorilla
Higher interest rates, lower property values and a surge in supply will test the multifamily market in the next few years as loans come due on a large volume of properties. Loans on more than 58,000 properties totaling $525 billion will mature over the next five years, nearly half of the total $1.1 trillion of loans currently backed by apartments. In the short term, through the end of 2025, loans on 6,800 properties totaling nearly $150 billion are set to mature.