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Borrowers cash out $3.4 billion; Major New York office tenant trims space; Apartment lenders like multi-borrower deals

A weekly look at the commercial mortgage-backed securities business
The Spiral, known for its cascading series of terraces, was collateral for a $2.85 billion refinancing loan. (CoStar)
The Spiral, known for its cascading series of terraces, was collateral for a $2.85 billion refinancing loan. (CoStar)

This week’s column examines CMBS borrowers cashing out $3.4 billion in equity this year, a major New York office tenant trimming space and a preference for apartment deals involving multiple properties. Read the entire piece by clicking “read more” below.

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