$23B In CMBS Loans Are Stuck
Billions in CMBS loans are sitting idle, reaching maturity with no resolution in sight. Unresolved loans make up 75% of delinquent loans tied to commercial mortgage-backed securities, up from 42% three years prior. There are $23B of these delinquent loans at or near maturity, according to Trepp analysis reported by Bloomberg. Loans originated when interest