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Commercial property bank loan delinquencies reach highest level in 11 years

Multifamily rates spike in second quarter, spotlighting supply outpacing demand
The Federal Deposit Insurance Corp.’s offices include 3503 N. Fairfax Drive in Arlington, Virginia. (CoStar)
The Federal Deposit Insurance Corp.’s offices include 3503 N. Fairfax Drive in Arlington, Virginia. (CoStar)
CoStar News
September 12, 2024 | 9:40 P.M.

Commercial mortgage delinquencies at U.S. banks surged at a double-digit clip to the highest level in 11 years, with multifamily loans posting the biggest increase.

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