The delinquency rate on commercial mortgage-backed securities (CMBS) for office properties surged to 8.1% in July, marking an 11-year high.

Office CMBS loan delinquencies have QUADRUPLED over the past 1.5 years.

The pace of rising delinquencies now exceeds that of the 2008 Financial Crisis.

A top-rated AAA CMBS suffered a $40 million loss in May, the first occurrence of this magnitude since the 2008 Financial Crisis.

Bankruptcies in commercial real estate are on the horizon.

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