Research - NOVEMBER 5, 2015

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CMBS delinquency rate drops slightly in October

by Zoë Wolff

The CMBS delinquency rate decreased for the second consecutive month in October, according to Trepp, falling by 5 basis points to 5.23 percent. The rate is now 91 basis points lower than the year-ago level and 52 basis points lower year-to-date.

There were $1.4 billion of newly delinquent loans in October, while $1.2 billion in previously delinquent loans were paid off at par or with a loss, and approximately $400 million in loans cured. The percentage of seriously delinquent loans fell 5 basis points to 5.10 percent. There are currently $27 billion in delinquent loans.

The delinquency rate for industrial property loans had the greatest rise, increasing 10 basis points to 6.28 percent. Lodging and office loans both had the greatest decline in delinquency, dropping 11 basis points each to 3.17 percent and 5.70 percent, respectively. Retail dropped 1 basis point to 5.72 percent. Multifamily has the worst delinquency rate among the five property types at 8.18 per

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