Countdown to consequences: near-term Nashville loan maturities give landlords a real minefield to navigate - United States
Countdown to consequences: near-term Nashville loan maturities give landlords a real minefield to navigate
Over $415 million of office and industrial loans mature in Nashville over the next 12 months. In the current interest rate environment, refinancing these loans will come at a major cost to landlords, who in many cases, locked in during record-high property prices and record-low interest rates within the last economic cycle.
This could result in an increase in investment market activity as landlords could be forced to sell their assets to pay off the debts if refinancing doesn’t fit. But as the market continues to see an ever-changing delta between buyers’ pricing and sellers’ expectations, a question remains as to who will be the buyers.