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Distressed Loan Pace Slows, Namdar Buys Two Troubled Malls, LA Luxury Retail Center Lands Refinancing

A Weekly Look at the Commercial Mortgage-Backed Securities Business
The loan on the Salina Meadows office park in Syracuse, New York, was among the newest transferred to special servicing in June. (CoStar)
The loan on the Salina Meadows office park in Syracuse, New York, was among the newest transferred to special servicing in June. (CoStar)

Distressed Loan Pace Slows: The growth of properties with commercial mortgage-backed securities loans in special servicing slowed sharply to 2% in June from May’s 29% increase, according to CoStar data. The total number of properties stood at 2,224 as of July 8. Office and multifamily property counts grew at the fastest rates.

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News | Distressed Loan Pace Slows, Namdar Buys Two Troubled Malls, LA Luxury Retail Center Lands Refinancing