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February 13, 2019 Comments Off on CMBS Loan Losses Surged Higher in January Views: 2244 National News, Top National

CMBS Loan Losses Surged Higher in January

The average severity for CMBS loans resolved with losses surged higher in January. New research by Trepp shows a total of 52 loans, totaling $669.7 million in outstanding balances, were disposed last month.

Trepp notes, more than $469.2 million of that debt was written off for a 70.1% loss severity, which is up 16% month over month. That represents the third-highest average severity figure measured in the nine years Trepp has been running this analysis. “Retail debt was badly bruised in January, as 23 loans totaling $314.0 million were disposed with losses (69.1% severity),” wrote Trepp.

The overall increase followed moderate levels of losses for the last four months, Trepp points out, in its assessment of the CMBS loan losses.

Read more at Trepp report


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