CNBC reported June 6 that in May, non-performing commercial real estate (CRE) loans reached just under 1% of U.S.-based commercial banks’ assets of $23.3 trillion. That would put the CRE bad loans at $220 billion in non-performing debt. While 1% of assets, the CRE bad debt would equal a more dangerous 10% of U.S.-based banks’ total equity capital, which was $2.3 trillion in April.