North American commercial mortgage-backed security (NA CMBS) structures allow for interest shortfalls; as such, there are classes of NA CMBS certificates where interest payments are in arrears, but the cumulative or ongoing interest shortfall is expected to be ultimately recovered and repaid.
North American commercial mortgage-backed securities (NA CMBS) structures allow for interest shortfalls; as such, there are classes of NA CMBS certificates with interest payments in arrears, but whose cumulative or ongoing interest shortfall is expected to be ultimately recovered and repaid.
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