The U.K. and continental Europe will face a commercial property debt crisis as up to £600 billion ($962.5 billion) of loans requiring refinancing come due over the next two years, according to Navigant Capital Markets Advisers, the U.S. advisory. John Lasala, director of Navigant, said tougher lending standards will make it more difficult for borrowers to “make it through higher financing hoops,” and a smaller number of lenders will add to the refinancing difficulties.
