SPECIAL SERVICING BOUNCES UP
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|The number of loans in Atlanta in special servicing continues to rise, according to the latest Trepp data, which shows more than $220B in loans in special servicing, the highest level since the end of last year. Marcus & Millichap's John Wise says it's a safe bet more loans are going the special servicer route as well. ?Most lenders now just aren't foreclosing on properties. The old extend-pretend thing,? Wise tells us. ?But banks can't pretend and extend forever.? He says with banks coming back into profitability, the FDIC will likely force more banks to unload troubled loans in the coming 12 to 18 months.|