CMBS Delinquency Rate Still Trending Down in September
October 30, 2019 | NREI Staff | National Real Estate Investor
As industry researchers expected, the 30+ days CMBS delinquency rate continued trending down in September. The all-property delinquency rate declined by 3 basis points during the month to 2.51 percent, according to Trepp LLC. The figure was 90 basis points below the rate recorded in September 2018. According to Fitch Ratings, the CMBS delinquency rate fell 4 basis points in September, to 1.69 percent.
The declines in the all-property delinquency rate were driven largely by improvements in the lodging and office sectors, Trepp data shows. Office-backed CMBS loans showed the greatest decline in delinquency during the month, by 22 basis points to 2.61 percent. Delinquencies in the lodging sector went down by 7 basis points to 1.47 percent.
