From the November issue: The glut of commercial real estate loans that closed in New York City before the financial crisis has given banks and other lenders a built-in floor of deals that need to be refinanced. A total of $32.1 billion in commercial mortgage-backed securities deals in the city — totaling 1,128 loans — closed between 2005 and 2007 (all set to mature in 10 years), according to the data firm Trepp. Now, as the […]