BREAKING: The delinquency rate on commercial mortgage-backed securities (CMBS) for offices spiked to 8.1% in July, the highest in 11 years.
The delinquency rate of office CMBS loans has QUADRUPLED in 1.5 years.
Delinquencies are currently rising at a faster pace than during the 2008 Financial Crisis.
A top AAA-rated CMBS experienced a $40 million loss in May for the first time since the 2008 Financial Crisis.
Commercial real estate bankruptcies are coming.
@Pharmdca Picked up 2k shares at 150 yesterday…was hoping for a bounce day today…long term with full FSD, Cybertruck, Semi and auto taxi this will be a great investment..
@nrsplus One of the worst technical support team. Purchase a new POS system over a year ago and I'm still unable to use the new register. Merchant portal access issues have not been resolved till today...access is restricted, and the team can't figure out how to fix the issue.