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| Manus Clancy |
NEW YORK, NY - The
Trepp CMBS delinquency rate in December was unchanged from the previous month
at 9.71%. After months of continued volatility, the delinquency rate for US
commercial real estate loans in CMBS has regained some stability. From early
2012 through the end of the summer, the CMBS delinquency rate bounced around
considerably.
Large movements in
the delinquency rate during the first six months of the year were caused
primarily by the high number of five-year loans securitized in 2007. As these
loans reached their maturity dates and were unable to refinance, the rate was
pushed to record highs. With these troubled loans now behind the market and the
next wave not coming due until 2014, rate movements should be modest in the
near future.
“Despite the fact that the delinquency rate has leveled off
once again, it’s been a spectacular run for the CMBS industry over the last six
months,” said Manus Clancy, senior managing director of Trepp. “Not only
did the world not end on December 21, but spreads have plummeted since June,
it’s become easier for
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For a complete copy
of the company’s news release, please contact:
Eric R. Gerard
Senior Vice President
Great Ink Communications
27 Union Square West, Suite 205
New York, NY 10001
(212) 741-2977
.
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