Retail is just the first domino
Nine billion dollars in CMBS debt is on the line. Jo-Ann, 99 Cents Only, Rite Aid, Party City, Big Lots. All bankrupt. And that list is growing.
This isn’t just a retail crisis. It’s a debt crisis disguised as empty storefronts.
When retailers default, landlords lose income. When landlords lose income, lenders tighten up. What comes next affects every asset class tied to commercial credit
Smart investors are not just watching the news. They are tracking the financial structure behind the news
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