Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its April U.S. CMBS Delinquency Report today
The delinquency rate for U.S. commercial real estate loans in CMBS fell 47 basis points to 9.03% in April – the lowest since November 2010. Moreover, in a significant departure from the upward movement in March, April's numbers log the biggest one-month drop in the delinquency rate since 2009 when Trepp began releasing its report.
A confluence of factors contributed to significant downward pressure across the board. Loan resolutions of $1.6 billion, payoffs of $800 million, and loans that cured as a result of several large loan modifications put downward pressure of 80 basis points on the rate.
Read more...Trepp CMBS Delinquency Rate Drops to Lowest Level in More than Two... -- NEW YORK, May 1, 2013 /PRNewswire/ --
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