Small banks now hold a massive $1.9 TRILLION of commercial real estate (CRE) loans.
— The Kobeissi Letter (@KobeissiLetter) August 12, 2023
This is up nearly $1 trillion since 2017 while large bank exposure stood flat.
CRE is also dealing with mass vacancies and prices are down 20%+ in 1 year.
The worst part?
Over $1.5 trillion… pic.twitter.com/cJ4MLzF1Yc
Trillionaires and God from THE BIG
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