Fitch anticipates refinancing challenges for underperforming CMBS loans. N EW YORK CITY—For quite some time, the so-called wall of maturities—i.e. 10-year CMBS loans originated during the peak years of the previous cycle—has been a topic of discussion and speculation about the market's ability to refinance the debt. Now, even as billions in 2006-vintage CMBS come due, there's also the matter of five-year maturities on securitizations from 2011. Wall Street Journal
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