Office CMBS delinquencies just hit a record 11.7%. About $936 billion in CRE loans mature in 2026, with many borrowers unable to roll the debt.

🚨🚨🚨🚨🚨Why This Is Dangerous:– The CMBS delinquency surge shows credit deterioration = actual defaults!– The FDIC unrealized loss chart shows valuation deterioration/paper losses👇– Both stem from higher interest rates and falling asset prices, meaning the stress isn’t… pic.twitter.com/EXMXRBrJ9q — James …

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Office CMBS Delinquency Rate jumps to 11.7%, the highest level in history

Commercial delienquent obligations in a parapbolic uptrend pic.twitter.com/BdsleKWmKu — Ari.Is.Investing (@InFoTheLongTerm) October 5, 2025 The office and multifamily sectors of commercial real estate loans got further bludgeoned in August, despite large-scale extend-and-pretend and forbearance deals executed in the hopes for …

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