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 Sullivan (@SullivanJam) November 6, 2025 – Office property loans show record delinquencies at 11.76%. – Banks reduce …