Office CMBS Delinquency Rate Re-Spikes to 12.2%, Far Worse than Financial Crisis Peak. End of Extend-and-Pretend Looms
The dictum morphs from “Survive till ’25” (when low interest rates were supposed to return) to “Sell at today’s price, or the lender will.”
We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.