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NEW YORK, NY - Trepp, LLC, the leading provider of
information, analytics and technology to the CMBS, commercial real estate, and
banking markets, released its September 2013 US CMBS Delinquency Report today
(available at http://www.trepp.com/knowledge/research).
The delinquency rate
for US commercial real estate loans in CMBS fell for the fourth consecutive
month to 8.14%. The September delinquency rate marks a 24-basis-point decline
since August’s reading, and an improvement of 185 basis points from one year
ago. This month’s level is the lowest Trepp delinquency rate in three years,
since July 2010.
There were $1.7
billion in new delinquencies in September; a sharp decline from the $2.5
billion August total. There are currently $44 billion in delinquent US CMBS
loans, excluding loans that are past their balloon date but current on their
interest payments.
For a complete
copy of the company’s news release, please contact:
Great Ink Communications
Eric Gerard, Lindsay Church
212-741-2977
.
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