CMBS maturities

  • Maturing CMBS loan volumes will leap in 2012, when €14.4bn by balance will need to be refinanced: £5bn in sterling and almost €8.5bn in euro.
  • As at the end of July, delinquent loans equated to 11.67% of the outstanding euro loan balance and 6.73% for sterling loans.
  • A breakdown of loans in special servicing (by volume) shows that office-backed loans  dominate in the UK (29.3%) and the rest of Europe (44%), with nursing homes second in the UK, accounted for by Nursing Home Properties and the Libra loan in Titan Europe 2007-1 (NHP) – 23.6% of the total.
  • Problem loans are rising outside the UK.