As economic conditions improve, a recent article explains how the booming Commercial Mortgage Backed Securities market collapsed with such stunning speed and severity. About $32.5 billion of the loans made in 2007 are maturing in 2012; and, according to CoStar Group, 50 to 60 percent of those maturing this year will fail to refinance or pay off in full.
Only an estimated 28 percent of all CMBS loans maturing in 2012 will be paid off or refinanced. The same problem is expected to occur in 2014 and 2017 as loans with seven- and 10-year terms are set to mature.
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