As the volume of maturities for U.S. CMBS increase over the next two years, Fitch Ratings expects the refinanceability of the loans to be curtailed by the current economic volatility, business interruption and secular shifts caused by the coronavirus pandemic. As of July 31, only $2.4 billion of performing, non-defeased loans within the Fitch-rated U.S. CMBS 2.0 conduit and Freddie Mac universe is…

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COVID Overhang Threatens CMBS Refi’s


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