California is entering an affordable housing refinancing crunch, with Yardi Matrix reporting that roughly $860 million in commercial mortgages on fully affordable properties will mature in 2026. That figure rises sharply to $6.9 billion by 2030 and $13.3 billion over the next decade, underscoring the scale of upcoming capital needs. The 2026 maturities are concentrated in the state’s largest markets: Los Angeles ($390.3 million), the Bay Area ($223.1 million), Orange County ($64.1 million), and the San Fernando Valley ($76 million), Globest reported. That’s a total of $21 billion needed in the next three years. Despite these looming maturities, the sector […]
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