Publications

Research - MARCH 3, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Trepp CMBS delinquency rate plunges in February for eighth monthly decline

by Released

The Trepp CMBS Delinquency Rate in February was 6.8 percent, a decline of 78 basis points from the January number, which is the biggest drop over the last eight months. The percentage of loans in the 30 days delinquent bucket is 0.58 percent, which is down 16 basis points for the month.

“The acceleration of the improvement in the delinquency rate, with retail and lodging both showing notable declines, can be seen as a positive sign for the market,” said Catherine Liu, Trepp associate research manager. “This could be a reflection of continued vaccination progress, fiscal stimulus spending, and the strong economic growth we are currently seeing in the first quarter,” Liu said.

In terms of loans in grace period, 2.3 percent of loans by balance missed the February payment but were less than 30 days delinquent. That was down 77 basis points for the month.

For additional details, such as historical comparisons, analysis on all major property types, an overview

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.