Search
 

CMBS: Healthy, But Room for Improvement

NEW YORK CITY—New CMBS issuance of $6.9 billion in September surpassed the month's $3.7 billion in portfolio runoff, says Fitch Ratings.

By Paul Bubny | Updated on October 12, 2014

NEW YORK CITY—A combination of resolutions and strong new issuance led to another drop in US CMBS delinquencies, Fitch Ratings said last week. The late-pay rate among Fitch-rated CMBS loans dipped eight basis points in September to 4.77%.

In September, resolutions of $571 million outpaced new additions to the Fitch index of $410 million, both of which consisted mainly of smaller loans. Both resolved loans and newly delinquent ones slowed down from August at $1.075 billion and $1.082 billion, respectively.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.