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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