NEW YORK, NY -- The Trepp CMBS delinquency rate
inched up modestly in May, one month after posting its lowest reading in more
than two years.
The four basis point increase comes on the heels of a 47
basis point drop in April, which was also the biggest one month dip since Trepp
began publishing the number in the fall of 2009. The delinquency rate for US
commercial real estate loans in CMBS was 9.07% at the end of May.
The resolution of distressed CMBS loans was a major factor
in driving the delinquency rate lower over the past few months.
However, loan resolutions dropped sharply in May with only
$858 million in loans resolved, roughly 46% less than the amount resolved in
April. The removal of these distressed loans from the delinquent assets bucket
created 16 basis points of downward pressure on the delinquency number.
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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