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CMBS Delinquencies Increase for the Fifth Consecutive Month

NEW YORK CITY-The trend has been driven by the troublesome class of ’07 loans that had reached their balloon dates but couldn’t be refinanced. Check out charts from Trepp LLC.

By Jacqueline Hlavenka | Updated on July 30, 2012

(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)

NEW YORK CITY-After predicting that the CMBS delinquency rate would plateau following a four-month-straight climb, the latest numbers from Trepp LLC show that the numbers are still steadily rising. In its latest monthly report, Trepp reports that the CMBS delinquency rate rose to 10.34% in July, an increase of 18 basis points from June (10.16%), and a rise of 97 basis points since February (9.52%).

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