In 2011, over $335.9 billion in estimated commercial mortgages will mature and need to be refinanced or sold. This forecast is based upon CoreLogic property records data and is updated on an ongoing monthly basis.
Mortgage Maturity Impact by Region and Property Type
$3.9 billion in commercial mortgages estimated to mature in September 2011
For September 2011, there will be a projected 4,095 properties with an estimated aggregate loan origination value of more than $3.9 billion that will need to be refinanced. For the month, the Southern region accounts for 73.7 percent of projected national maturities (on a dollar basis) with an estimated 2,467 commercial real estate mortgages valued at over $2.9 billion. The Midwest is the second most active region with a projected 905 mortgages valued at more than $575 million maturing, or 14.4 percent of the estimated value of national maturities for the month. In third position, the country's Western region posts 523 maturing mortgages valued at $396.4 million—9.9 percent of August's estimated total value of maturities. With a combined total loan value of over $3.9 billion, these top three regions account for 95.1 percent of nationwide maturing mortgage numbers and 98 percent of the estimated loan origination value due to mature in September.
Data Source: CoreLogic
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