According to a recent report from Trepp, private-label CMBS issuance is projected to rise at least 10% in 2021 from 2020’s depressed levels. So far, $50.6 billion of conduit and single-borrower transactions have priced in 2020. Including deals slated for December, 2020 will finish with about $55-$60 … [Read more...] about 11.17.20: TREPP PREDICTS MINIMUM 10% INCREASE IN CMBS LOANS FOR 2021
10.10.20: TREPP EXAMINES HOTEL DISTRESS IN THE UNITED STATES
According to Trepp, the lodging delinquency rate for CMBS conduit loans in September came in at 23%, while the lodging special servicing rate came in at an all-time high 26%. Both numbers illustrate a sector that is rife with distress and has yet to find a real source of respite. Trepp examined … [Read more...] about 10.10.20: TREPP EXAMINES HOTEL DISTRESS IN THE UNITED STATES
9.1.20: TREPP: CMBS DELINQUENCY RATE CONTINUES RETREAT FROM NEAR ALL-TIME HIGH
The Trepp CMBS delinquency rate continued its downtrend in August after posting the largest decline in four years in July. The overall CMBS delinquency rate in August was 9.02%, a decline of 58 basis points from July. About $6.5 billion in loans were “cured” in August, helping the rate post another … [Read more...] about 9.1.20: TREPP: CMBS DELINQUENCY RATE CONTINUES RETREAT FROM NEAR ALL-TIME HIGH
3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
The Trepp CMBS delinquency rate rose modestly in March. This is the first time the rate has ticked up since June 2017. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.55%, up 4 basis points (bp) from the February level, which was the lowest reading since September 2016. … [Read more...] about 3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
8.1.16: Trepp: CMBS Delinquency Rate Moves Higher Again in July
CMBS loan delinquency rose in July to 4.76%, up 16 basis points (bp) from June, according to Trepp. The July delinquency rate is 61 bp above its multiyear low of 4.15% recorded in February 2016. The delinquency rate was negatively impacted by loans unable to pay off at maturity, thereby being … [Read more...] about 8.1.16: Trepp: CMBS Delinquency Rate Moves Higher Again in July
4.1.14: Trepp Reports Further Decline in Delinquency
The CMBS delinquency rate continued its impressive decline in March, marking the tenth consecutive month the rate has fallen, according to Trepp. The rate dropped 24 basis points (bp) over the course of the month, bringing the delinquency rate for U.S. commercial real estate loans in CMBS to 6.54%. … [Read more...] about 4.1.14: Trepp Reports Further Decline in Delinquency
7.13.12: Trepp: Only 28% of Maturing 2007 CMBS Loans Paid Off in Full
According to Trepp, 2007 marked the year that commercial real estate values and the surrounding euphoria peaked. In the five years since, investors have spent countless nights fretting about the weak underwriting, optimistic revenue forecasts and inflated values tied to these loans. Prevailing … [Read more...] about 7.13.12: Trepp: Only 28% of Maturing 2007 CMBS Loans Paid Off in Full
3.4.11: Trepp: CMBS Buyers’ Faith Rewarded as U.S. Delinquency Numbers Level Off
The faith that investors have shown in the legacy U.S. CMBS market over the last few months was validated on Wednesday when the Trepp Delinquency Report reported that the core delinquency rate for February had one of its smallest increases since the beginning of the credit crisis. In February, the … [Read more...] about 3.4.11: Trepp: CMBS Buyers’ Faith Rewarded as U.S. Delinquency Numbers Level Off
2.1.11: Trepp Reports Delinquency Rate Reaches Another Record High
On the heels of a CMBS industry conference where cautious optimism was the common theme, and a week in which several new CMBS deals were announced, a record setting delinquency rate of 9.34% for January indicates that the CMBS market still has some ground to make up, according to a report from … [Read more...] about 2.1.11: Trepp Reports Delinquency Rate Reaches Another Record High
