Delinquency Rate On US Commercial Mortgage-backed Securities (CMBS) For offices SURGED To 10.3% In April (Near Highest EVER)

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The delinquency rate on US commercial mortgage-backed securities (CMBS) for offices SURGED to 10.3% in April, near the highest EVER.

Moreover, the multifamily delinquency rate spiked 113bps in April, to 6.57%, the highest since 2015.

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