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Strong repayment rate masks sector struggles; Nonbank lending more than doubles; New York tower gets new backing

A weekly look at the commercial mortgage-backed securities business
Triple Five Group missed paying off the $1.4 billion loan on the Mall of America in Bloomington, Minnesota, the largest mall in the country. (CoStar)
Triple Five Group missed paying off the $1.4 billion loan on the Mall of America in Bloomington, Minnesota, the largest mall in the country. (CoStar)
CoStar News
October 9, 2025 | 3:00 P.M.

This week's column examines how strong CMBS repayments in September are masking wider struggles across property types, nonbank lending more than doubling so far this year, and new investors in a New York office tower. Read the entire piece by clicking "read more" below.

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News | Strong repayment rate masks sector struggles; Nonbank lending more than doubles; New York tower gets new backing