427. Inflation Revisions, Refinancing Decisions: $78B in Hard Maturities, Negative Leverage, & a $508M Retail Bet

<p>In this week&#39;s episode of The TreppWire Podcast, we examine what higher financing costs mean for borrowers and investors. We break down the latest jobs and manufacturing data, pressure on Treasury yields, and what lenders are saying about leverage, underwriting, and borrowers bringing more equity to the table. We widen our look at CMBS hard maturities to the next five quarters, with roughly $78 billion coming due through the end of 2027 and $22 billion carrying debt yields at or below 8%. We discuss how a borrower can remain current and still face a refinancing gap, where maturity pressure is concentrated, and several loans we&#39;re watching. We also dig into positive and negative leverage, including why comparing cap rates with interest rates doesn&#39;t tell the whole story. We close with a $127 million multifamily construction takeout in Fort Lauderdale and Federal Realty&#39;s $508 million acquisition of The Summit in Birmingham. Tune in now.</p><p><br></p><p>Questions or comments? Contact us at podcast@trepp.com. </p><p><br></p><p>Follow Trepp: </p><p>X: www.x.com/TreppWire </p><p>LinkedIn: www.linkedin.com/company/trepp </p>