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California  + Finance  | 

Trepp Report: CMBS Delinquency Rate Continues to Fall

CMBS delinquencies dropped again in January, according to new data from Trepp, who notes it is the seventh straight month the rate has fallen. The delinquency rate for commercial real estate loans in CMBS in the U.S. now sits at 4.83%, a decrease of six basis points from what it was in December 2017.

By comparison, the delinquency rate moved up in 13 of the 16 months between March 2016 and June 2017. Since then, as most of the bubble-year loans from 2006 and 2007 moved passed maturity dates and have been resolved, the delinquency level has receded. That means there is a fairly decent clip of resolution going on with fewer defaults on bubble-year loans and those that did default are being resolved, albeit often with losses. Since June 2017, the Trepp CMBS Delinquency Rate has fallen by 92 basis points.

Interestingly, the January rate could have experienced a slight swell, since there were actually more new delinquencies in January than loans that were cured and resolved. Trepp notes that a surge of new issuance in the second half of 2017 substantially helped increase the number of performing loans.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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