CMBS delinquency rates improve, except for retail property loans

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The commercial mortgage-backed securities delinquency rate continued to rise last month, according to data from Trepp. The rate now sits at 4.98 percent, 20 basis points higher than September’s rate. Over $1.9 billion in loans became newly delinquent last month "which put 42 basis points of.

Commercial Real Estate Direct Staff Report. The volume of CMBS loans that are more than 30-days late continues to improve. Last month, that volume totaled $21 billion, or 4.15 percent of the $506 million universe tracked by Trepp LLC.That’s an improvement from the $23.5 billion of loans that were delinquent in January, when the delinquency rate was 4.35 percent.

December 2016 Delinquency Report Video Refinancing could get harder for some Chicago landlords – according to Bloomberg loan reports. Allgauer declined to comment. In the Chicago area, the CMBS delinquency rate for hotels was just 1.49 percent in February, according to Trepp. Among the five main.

March 13, 2013 Trepp: Hotel Loans Help Improve CMBS Delinquency Rates. Significant improvement in the performance of hotel loans largely is responsible for the decline in the delinquency of commercial mortgage-backed securities in February, according to the U.S. cmbs delinquency report released March 4 by real estate analytics firm Trepp.

The delinquency rate for US commercial real estate loans in CMBS is now 7.25%. January’s rate decrease can be attributed to the almost $1.3 billion in previously delinquent loans that were resolved with losses over the course of the month. By removing these delinquent loans from the numerator, the rate saw 24 basis points of improvement.

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The delinquency rate for US commercial real estate loans in CMBS dropped for the third straight month to 8.38%. This represents a 10-basis-point drop since July’s reading and a 175-basis-point improvement from a year ago. The August 2013 level is the lowest Trepp delinquency rate in three years.

By property type, in May, retail loans. CMBS universe and 24.4 percent of total delinquency. The retail default rate increased to 6.5 percent, up substantially from 2.6 percent one year ago..