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Local CMBS Delinquencies Notched Up In March

WASHINGTON, DC--The local delinquency rate is now 14.54%, the highest in a year, Trepp reports.

By Erika Morphy | erikamorphy | Updated on April 06, 2017

Sean Barrie Sean Barrie

WASHINGTON, DC–Local CMBS delinquencies continue to increase, according to Trepp. In March they registered 14.54% following February’s 14.37% rate, which was the highest in a year. Now March can claim that dubious distinction.

What is happening in the Washington DC area is a reflection of the national trends, Research Analyst Sean Barrie tells GlobeSt.com. “The national rate has been rising as more loans mature and are not able to get refinancing,” he says. Trepp reports that delinquency rate for CMBS reached 5.37% in March, an increase of six basis points from February.

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