Impending Default Crisis Looms for Commercial Real Estate Loans.

Ten major US office towers with giant loans are due soon, raising concerns of defaults that could lead to the next banking crisis and economic downturn. About $80 billion in office loans come due this year, and landlords will need to refinance their properties at today's higher interest rates, which could lead to significantly higher monthly payments. Shrinking tenant demand for office space has diminished the once lucrative office business, making it an open question whether every landlord can swing the higher payments.