Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its June 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 moved up 12 basis points in June to 10.16%. This new all-time high comes just one month after cracking through the 10% barrier.
Late last year, Trepp had predicted that the market could easily see a spike of 70 basis points in the short term. As the CMBS market has now seen the rate increase 64 basis points since late 2011, that forecast turned out to be pretty close. Since February, the delinquency rate is up 79 basis points.
Read more...Trepp CMBS Delinquency Rate Hits New All-Time High in June: Rate Increases for Fourth Straight Month