Research - DECEMBER 9, 2014

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CMBS delinquency rate hits five-year low

by Reg Clodfelter

In what is likely the calm before the maturity storm, the delinquency rate for loans backing CMBS dropped 34 basis points in November to 5.80 percent — the lowest the rate has been in five years, according to Trepp. The delinquency rate had previously seen its largest increase in two years in October, rising 11 basis points.

November’s rate is now 186 basis points below where the rate was a year ago. By property types, lodging remains the best performer after dropping 38 basis points in November to 4.97 percent. Still, fundamentals in CMBS loans backed by lodging assets are trending downward.

Apartment loans rem

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