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California Earthquake Aftershocks Could Extend to Commercial Mortgages

Property Damage Might Slow Refinancing of $3 Billion in Loans, Analysts Say
Javaid Waseem, owner of the Minit Gas Station and retail store in Ridgecrest, California, surveys damage from a July 5 earthquake, the second of two quakes. Photo: Irfan Khan/Los Angeles Times via Getty Images
Javaid Waseem, owner of the Minit Gas Station and retail store in Ridgecrest, California, surveys damage from a July 5 earthquake, the second of two quakes. Photo: Irfan Khan/Los Angeles Times via Getty Images
CoStar News
July 11, 2019 | 11:23 P.M.

Real estate fallout could extend well beyond the immediate damage caused by recent Southern California earthquakes, with more than $3 billion in securitized commercial mortgages estimated to be facing elevated future risk.

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