The Fed cut rates three times. Commercial mortgage rates are still above 5.3 percent. The relief most owners were waiting for did not arrive — and for property owners with loans maturing in 2026, the window to act is narrowing.
In this video, Oron Maher, Broker-Director at Maher Commercial Realty, explains the structural disconnect most commercial property owners misunderstand — and why waiting for the next rate cut is not a strategy. It is a decision with a cost.
What commercial property owners need to know right now:
1️⃣ The Fed controls the overnight rate. Commercial mortgage rates follow the 10-year Treasury. Those two numbers do not move in lockstep — and right now they are moving in different directions.
2️⃣ Approximately $1.2 trillion in commercial mortgages are resetting this year at rates significantly above their original notes. The refinancing gap is real, it is widespread, and it is arriving on a fixed timeline.
3️⃣ Owners who underwrote a rate-cut rescue are now facing that gap with less runway than they planned for. The next cut may come. It will not arrive in time to solve a 2026 maturity.
For commercial property owners across Greater Los Angeles, the most expensive position right now is the one that assumes relief is coming before the loan comes due.
📍 Maher Commercial Realty — Beverly Hills. Multifamily, NNN, and commercial assets across Greater Los Angeles.
📩 Own commercial property with a loan maturing in 2026? Visit mahercr.com or send us a DM to talk through your options.
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