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| Manus Clancy |
(New York – May 1, 2014) – Trepp, LLC, the leading provider
of information, analytics, and technology to the CMBS, commercial real estate,
and banking markets, released its April 2014 US CMBS Delinquency Report today
(available at www.trepp.com/knowledge/research).
April marks the 11th straight month of improvement in the
delinquency rate for US commercial real estate loans in CMBS.
The rate fell 10
basis points to 6.44% in April. Today’s reading is 259 basis points lower than
where it was a year ago and 390 basis points below the all-time high from 2012.
“There was a fair amount of turbulence in the equity markets
in April, but the CMBS market was a bastion of tranquility over the last 30
days,” said Manus Clancy, Senior Managing Director at Trepp.
“There were more winning days than losing ones for CMBS
investors. Even when US stocks sold off, CMBS spreads held firm.
“Month-over-month, spreads were modestly tighter across the
board and new issue pricing came in near its tightest levels of 2014 with CMBS
3.0 BBBs leading the pack. With US delinquencies continuing to move lower,
there was a lot to cheer about for CMBS in April.”
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For additional details, such as delinquency status and
historical comparisons, request the April 2014 US CMBS Delinquency report at
www.trepp.com/knowledge/research. For daily CMBS commentary, follow @TreppWire
on Twitter.
For a complete
copy of the company’s news release, please contact:
Joe McBride, Research Analyst
Trepp LLC
212-754-1010
Eric Gerard, Lindsay Church
Great Ink Communications
212-741-2977
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