This indicates that over $2 billion worth of multifamily Commercial Mortgage-Backed Securities (CMBS) loans have been flagged for potential default. The implication is that there may be financial distress in the multifamily real estate sector, possibly leading to increased defaults and financial instability in the CMBS market.
Over $2 billion in multifamily CMBS loans were added to the CRED iQ default watchlist today
— MacroEdge (@MacroEdgeRes) April 26, 2024
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