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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.

Strong repayment rate masks sector struggles: Borrowers repaid more than half the CMBS loans scheduled to mature in September, though disparities in payoff rates revealed stark differences in property sector performance.

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