Research - OCTOBER 4, 2016

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CMBS delinquencies increase to 4.78% in September

by Loretta Clodfelter

In September, the CMBS delinquency rate increased 10 basis points to 4.78 percent, according to the latest report from Trepp. The movement is a reversal from the 8 basis point drop in CMBS delinquencies in August.

According to Trepp, $850 million in CMBS loans were paid off with a loss or at par in September and $500 million in loans were cured, but $1.3 billion in loans became newly delinquent. The largest newly delinquent loans include office properties in Chicago and Northern Virginia and a shopping mall in New York state.

While the delinquency rate is up from six months ago (when it was 4.22 percent), it is still lower than the 5.28 percent rate from one year ago. The office sector has the largest number of delinquencies, with a rate of 6.33 percent in September, up 30 basis points from Au

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