The report, which Trepp presented to the Federal Reserve Board of Governors recently, states that the agency now expects only 20 percent of these loans to experience losses, compared to the 50 percent prediction that many institutional lenders and rating agencies had voiced.
The US CMBS delinquency rate resumed its upward climb in September, rising 10 basis points following declines in August, according to Trepp’s monthly report.
JPMorgan Chase is marketing the $900 million JPMCC 2016-NINE Mortgage Trust transaction, secured by a single, 10-year interest-only loan backed by the 50-story 9 West 57th Street trophy office tower in Midtown, Manhattan.
The US CMBS delinquency rate decreased for the first time since February, falling eight basis points in August to 4.68 percent, according to Trepp’s monthly report.
The best and worst CMBS performers in top US markets can be explained by their underlying real estate and economic fundamentals, finds Al Barbarino
The CMBS Delinquency Rate moved 16 basis points higher to 4.76 percent in July, marking the fifth straight month of increases, according to Trepp’s monthly report.
Several months ago, analysts warned that the increasing supply in the US lodging industry since the financial crisis may peak sometime in 2016, due to the addition of units outpacing demand and economic headwinds, as Real Estate Capital reported. But new numbers from a new Trepp report show that the lodging industry already has peaked.
The US CMBS delinquency rate moved moved 25 basis points higher in June to 4.60 percent, marking the fourth straight month of increases, according to Trepp’s monthly report.
InterContinental New York ownership could seek refinancing
Trepp has released its monthly CMBS Delinquency Rate report, showing a 12 basis point increase in May to 4.35 percent, and marking the third consecutive monthly rate rise.