NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has recently conducted an analysis that indicated 26.1% of CMBS loans ($33.4 billion) maturing through year-end (YE) 2017 will face difficulty refinancing. The analysis included 8,590 current loans totaling $128.2 billion, with maturity dates ranging from Q4 2016 through Q4 2017. Among the $33.4 billion (1,803 loans) that may struggle to procure take-out financing, $18.0 billion (1,043 loans) is susceptible to losses totaling $4.2 billion, much of which is secured by retail and office properties. We expect that many of the maturity defaults will occur during the second quarter of 2017 when 32.7% of the maturing loans, by balance, are likely to experience refinancing challenges.
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KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).