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Chicago Takes Center Stage in Loan Maturities, Single-Family Rent Growth Slows, Small Lender Gets Jump on Offerings

A Weekly Look at the Commercial Mortgage-Backed Securities Business
A $1.3 billion loan on the 4 million-square foot Willis Tower in Chicago is the largest CMBS office loan scheduled to mature this year. (Robert Gigliotti/CoStar)
A $1.3 billion loan on the 4 million-square foot Willis Tower in Chicago is the largest CMBS office loan scheduled to mature this year. (Robert Gigliotti/CoStar)
CoStar News
January 5, 2023 | 1:46 P.M.

Chicago Takes Center Stage in Loan Maturities: The U.S. commercial mortgage-backed securities market closed out 2022 with deteriorating performance, according to an analysis by Kroll Bond Rating Agency. The trend, if it continues, could be particularly ominous for Chicago’s office market, where large loans are set to mature this year.

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