Higher interest rates bear fruit in commercial real estate, but it’s hardly the sweet harvest lenders hoped for. Defaults, desperate sales, and foreclosures are ripening quickly on this vine of leveraged bets. When debt gets pricier, over-ambitious deals wilt under the weight of their expectations. The real winners? Cash buyers and opportunists with patience, watching lenders choke on their overgrown portfolios. For everyone else, it’s a reminder that debt-fueled growth has a cost, and the bill, at higher rates, is due. https://lnkd.in/eX97Qi4M