CMBS delinquencies have shown only modest increase since this past June, Trepp reported. That changed in February, when the delinquency rate moved up 18 basis points to 3.12%, for the second largest increase since June 2020, when the pandemic caused delinquencies to spike. Only December 2021, with a 19-bp gain, saw a larger increase over the past 30 months, according to Trepp.
Year over year, the overall US CMBS delinquency rate is down 75 bps, Trepp said. Year to date, it’s up eight bps after January’s decline of 10 bps, which led to the second-lowest reading since the pandemic began.
The percentage of loans that are seriously delinquent (60+ days delinquent, in foreclosure, REO or nonperforming balloons) is now 2.88%, up six basis points for the month. The all-time high for overall delinquencies was 10.34% in July 20212, with the June 2020 reading only two bps lower.
The post CMBS Delinquencies Rise Sharply in November Following January Decline appeared first on Connect CRE.
CMBS delinquencies have shown only modest increase since this past June, Trepp reported. That changed in February, when the delinquency rate moved up 18 basis points to 3.12%, for the second largest increase since June 2020, when the pandemic caused delinquencies to spike. Only December 2021, with a 19-bp gain, saw a larger increase over …
The post CMBS Delinquencies Rise Sharply in November Following January Decline appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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