Specially serviced CMBS loans still awaiting resolution are larger, complicated and unlikely to be resolved at the same rate of recovery seen in the industry since 2009, according to Fitch Ratings.

In the first half of 2013, liquidated CMBS loans recovered at a rate of 66%, which has contributed to the decline in volume of CMBS loans in special servicing, according to Fitch. The percentage of CMBS loans in special servicing is now at 9%.

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