Sunday, October 6, 2013

US CMBS Delinquency Rate Declines Sharply, Continuing Year-Long Trend


  
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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