CMBS servicers are not only performing loan extensions but have ventured into other forms of loan modifications as well, according to a just-released NewOak Capital report.

"Loan extension has been one of the most common modification strategies used by special servicers, and has been criticized by many as extend-and-pretend or delay-and-pray, etc,” said Malay Bansal, head of portfolio management and advisory for commercial real estate and CMBS at NewOak.

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