(Bloomberg) -- The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. Story continuesRead More: NY Community Bancorp Plunges as Real Estate Risks Jolt MarketBanks are facing roughly $560 billion in commercial real estate maturities by the end of 2025, according to commercial real estate data provider Trepp, representing more than half of the total property debt coming due over that period. Commercial real estate loans account for 28.7% of assets at small banks, compared with just 6.5% at bigger lenders, according to a JPMorgan Chase & Co. report published in April. “Banks — community banks, regional banks — have been really slow to mark things to market because they didn’t have to, they were holding them to maturity,” said Bordwin. New York Community Bancorp said its increase in charge-offs were related to a co-op building and an office property.