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Commercial Mortgage-Backed Securities Distress Is Peaking — Again

Discussions around distress that have dominated the commercial mortgage-backed securities (CMBS) market have taken a turn for the worse, with data points shifting in the same unfavorable direction for

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Summary

Discussions around distress that have dominated the commercial mortgage-backed securities (CMBS) market have taken a turn for the worse, with data points shifting in the same unfavorable direction for months.

The distress rate has steadily trickled up, approaching a peak, with office distress hitting an all-time high of 8.

89 percent in July with another maturity […]

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