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NEW YORK CITY—With the so-called “wall of maturities” for legacy CMBS gradually crumbling, the year-to-date payoff rate for 2017 has stabilized at around 70.5%, S&P Global Ratings said Wednesday. Shorter loan terms in recent vintages indicate a steady volume of maturities over the next several years, averaging about $40 billion annually, according to S&P.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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