There’s good and a bad news scenario for loans, according to a CRED iQ report. Across Freddie Mac, Fannie Mae, Ginnie Mae, CRE CLO, and CMBS, distress for both conduit and single-borrower large loan deal types dropped for the first time in five months. The drop was 70 basis points, landing at 10.8% and breaking a streak of four consecutive record highs. However, office distress hit a new high of 19.3%.

The distress rate combines delinquency and specially serviced rates. That includes any loan with a payment status of at least 30 days delinquent or with a special servicer. They include non-performing and performing loans that did not pay off at maturity.


NOT FOR REPRINT

© 2025 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 © 2025 ALM Global, LLC. All Rights Reserved.