Lenders granting forbearance periods to struggling borrowers continued to bring the CMBS delinquency rate down in October, according to Trepp LLC. The firm estimated the overall CMBS delinquency rate in the U.S. market averaged 8.28 percent—64 basis down compared to September. While high, that was still below the peak reached in July 2012 at 10.34 percent.
Loans that were 30+ days delinquent averaged 1 percent of the total U.S. CMBS universe, those that were 60+ days delinquent were at 0.78 percent and loans that were 90+ days delinquent averaged 3.72 percent.
Read Full Article: bit.ly/2IrQbLp
There are several contributing authors here.