Property lenders have often been willing to work with borrowers since the pandemic upended commercial real estate. Increasingly, their patience is running out.
There were 635 US commercial real estate foreclosures in January, up 17% from the previous month and roughly twice as many as in January 2023, according to a report from Attom. Those figures are based on the number of commercial properties with at least one foreclosure filing entered into Attom’s data warehouse in a given month.
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