A recent Commercial Property Executive article (published January 22, 2026) examines the more than $100 billion in CMBS loans maturing in 2026 and what that means for commercial real estate markets.
The piece cites Morningstar DBRS data showing that a meaningful share of maturing loans may struggle to refinance on original terms. Rather than a single market-wide shock, many situations are expected to move through extensions, loan modifications, recapitalizations, or other workout paths as borrowers and lenders adjust to current valuations and borrowing costs.
It also underscores that risk is uneven across sectors. Office continues to face the most pressure in many markets, while parts of retail remain relatively stable due to limited new supply and steady demand in well-located assets. At the same time, stronger refinance volume and growing private debt capital are creating additional options for borrowers navigating near-term maturities.
Read the full article here: $100B in CMBS Loans Mature This Year. Here’s What’s Ahead.