Why it matters
The figures offer a snapshot of repayment trouble in commercial property loans, including offices. The article does not quantify effects on lenders, investors or property owners beyond the reported delinquency measure.
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The commercial mortgage-backed securities delinquency rate fell to 7.87% in October from 8.02% in September, according to Connect CRE, largely because a $975 million loan backed by showroom properties returned to current status. Office properties led new delinquencies.
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The figures offer a snapshot of repayment trouble in commercial property loans, including offices. The article does not quantify effects on lenders, investors or property owners beyond the reported delinquency measure.