Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its January 2012 U.S. CMBS Delinquency Report today (available at http://www.trepp.com/knowledge/research)
The delinquency rate for U.S. commercial real estate loans in CMBS fell six basis points in January to 9.52%. The value of delinquent loans is now $57.7 billion.
The first wave of 2007 originated loans that reached their balloon dates in January performed poorly, with only 27% of these loans managing to pay off. While this should have pushed the delinquency rate much higher, this upward pressure was offset by about $1.6 billion in loans that were resolved with losses during the month.
Read more...Trepp Reports Drop in CMBS Delinquency Rate for January via Business Wire
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