Chicago and San Francisco hold the biggest CMBS distress piles over $15 billion
Chicago–Naperville–Elgin posts a 26.4% distress rate on $16.6 billion of CMBS loans. San Francisco–Oakland–Fremont sits at 21.5% distress on $18.6 billion. These two metros lead in absolute distressed dollars among markets above the 20% threshold. Across the top 50 metros, total distressed balance reaches $45.8 billion out of $393.5 billion, or 11.6%. Multifamily distress has … Read more