The Status of Maturing Loans in 2024

The view from the ground on debt coming due in 2024 is something over $820 billion, according to MSCI. And that’s not counting $214 billion from 2023 that weren’t refinanced or, as the firm noted, apparently neither explicitly refinanced or sold

“Given that property owners are not inclined to take a loss on the sale of an asset, nor refinance in a high interest rate environment, we have deemed these loans, ‘likely extensions’, indicating we believe that these loans have been granted some short-term extension to their maturity date,” they wrote. “Taken together, we estimate that as much as $870b of mortgages tied to assets in our database could come due in 2024.”