The balance of commercial mortgage-backed securities (CMBS) conduit loans liquidated in November reached a new high, according to data released by Trepp LLC. Last month saw liquidations from 218 loans, which was 17% higher than the previous record set in June 2011.
At $2.1 billion, November’s CMBS conduit loan liquidations were 60% higher than the 12-month moving average of $1.3 billion per month. The average loan size for liquidated loans was $9.6 million in November - in comparison, the average size for liquidated loans has been $8.2 million over the last 12 months.
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