Trepp February CMBS Delinquency Report: US CMBS Delinquency Rate Falls to Lowest Level in a Year

  

NEW YORK, NY, MAR. 4, 2013 -- The Trepp CMBS Delinquency Rate dropped sharply once again, reaching its lowest level in a year. 

The delinquency rate for US commercial real estate loans in CMBS fell 15 basis points to 9.42% in February. Overall, the Trepp CMBS Delinquency Rate has fallen 92 basis points since hitting a peak of 10.34% at the end of July 2012.

There were $2.7 billion in newly delinquent loans in February, which put about 48 basis points of upward pressure on the delinquency rate.

This was slightly lower than January’s $2.8 billion in new delinquencies and is the third consecutive month this number has declined.

Loan resolutions dropped more noticeably, from $1.2 billion in January to just under a billion dollars in February.

The removal of these loans from the delinquent category accounted for 18 basis points of downward pressure on the delinquency rate. Finally, loans that cured put an additional 40 basis points of downward pressure on the rate.

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