Tuesday, May 1, 2012

Trepp April CMBS Delinquency Rate Reaches Second Highest Level Ever: Delinquencies Rise for Second Straight Month via MarketWatch

Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its April 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 rose 12 basis points in April to 9.80%. The value of delinquent loans is now $59.3 billion.

Loans that were newly delinquent -- about $3.8 billion in total -- put upward pressure on the rate of about 64 basis points. In addition, the increase in the delinquency rate was driven by a big increase in office loans, as all other major property types improved in April. The office delinquency rate is up 82 basis points to a new all-time high of 10.23% -- the first time the office rate has ever hit double digits.

Read more...Trepp April CMBS Delinquency Rate Reaches Second Highest Level Ever: Delinquencies Rise for Second Straight Month - MarketWatch

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