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It was the smallest monthly disposed loan amount over the last 12 months.
Some lenders are taking on more leverage, but banks remain cautious.
REITs may be able to refinance more easily than other borrowers.
Office properties made up about half of the market distress.
It grew 44% from Q2.
"They are kicking the can down the road."
More people are renting particularly in expensive cities like NYC and LA.
If they did, it could be a bigger economic problem than people realize.
The delinquency rate for office jumps by more than 100 basis points.
Alternative sectors account for $9.9 trillion, or 37%.