$22.9B of programme and CMBS debt matures in 2027 across 1,225 loans
1,225 loans on DFX's tape (31 FHA-insured multifamily, 1,194 CMBS) carry a scheduled maturity in 2027, $22.9B of current balance ($24.6B at origination). Largest state exposures: NY $4.7B, CA $4.4B, unknown $1.9B, TX $1.1B. Largest lenders or servicers: CITI REAL ESTATE FUNDING $1.6B, NATIXIS REAL ESTATE CAPITAL $1.3B, GSMC $1.3B.