Thursday, May 1, 2014

Trepp Reports US CMBS Delinquency Rate Improves Despite Drop in Loan Resolutions


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.”

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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