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In 2007, fixed-rate funding was the norm in multifamily finance as well as in other commercial asset classes. Only the pension funds, sovereign wealth funds and a few very large, institutional real.

Local banks voice worry about commercial real estate as growth slows – More than $25.2 billion in commercial real estate loans that are bundled into securities and sold to investors made it onto a “watch list” published by credit rating agency Morningstar last month, up.

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