Research - MARCH 2, 2017

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CMBS delinquency rate rises 13 bps in February

by Jody Barhanovich

The U.S. CMBS delinquency rate, which has been moving steadily higher during the past 12 months, continued to climb in February, according to Trepp. The delinquency rate for U.S. commercial real estate loans in CMBS is now 5.31 percent, an increase of 13 basis points from January.

The rate is now 116 basis points higher than the year-ago level, as the reading hit a multi-year low of 4.15 percent in February 2016.

More than $2.3 billion in loans became newly delinquent in February. This put 53 basis points of upward pressure on the delinquency rate. A sizable portion of that $2.3 billion came from notes that were current, but are now “nonperforming loans that are beyond the maturity date.”

Many of th

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