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NEW YORK CITY-The pace of legacy CMBS loan resolutions may have accelerated in recent months, but not rapidly enough to keep the delinquency rate from climbing, Fitch Ratings and Trepp said last week. Given the traffic in loan sales this year—Miami-based special servicer LNR Partners recently disposed of $1 billion worth of distressed debt in a single portfolio—“that’s a story in itself,” Peter Tobin, managing director of sales and trading at Mission Capital Advisors, tells GlobeSt.com. The fact that the delinquency rate keeps rising “speaks volumes in the face of those liquidations.”

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