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‘Extend and pretend’ likely to save many from foreclosure
The number of troubled Sacramento-area properties continues to grow.
That’s clear from an analysis of commercial mortgage-backed security loans in the region, which shows delinquencies almost doubled in the past year to more than 30 properties, with loan balances exceeding $520 million.
The list of delinquent properties includes high-profile shopping centers, office complexes, hotels and apartment buildings, according to a report released this week by Trepp LLC, a New York-based provider of information on commercial mortgage-backed securities.
