The pact allows for Libor to automatically be yanked from hundreds of trillions of dollars of interest-rate swaps, futures and options and replaced with another rate.
About a third of all of this year’s CMBS loans tied to single properties helped finance class-A office towers in urban centers.
The Consumer Financial Protection Bureau estimates 1.7 million consumers will exit U.S. forbearance relief programs in September.
Debt capital remains available for stabilized properties and financing volume will continue to increase as the outlook for many subsectors has brightened.