Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its July 2012 U.S. CMBS Delinquency Report today (available at http://www.trepp.com/knowledge/research).
In July, the U.S. CMBS delinquency rate set an all-time high once again, moving up another 18 basis points to 10.36%. This latest move puts the delinquency level up 97 basis points since February and makes July the fifth straight month in which the rate has increased.
There are $59.5 billion in CMBS loans now delinquent, which excludes loans that are past their balloon date but are current in their interest payments. There are currently $75.4 billion in loans that are with the special servicer, representing almost 4,000 loans.
Read more...July Trepp CMBS Delinquency Rate Hits New All-Time High Once Again | Trepp