May 12, 2017 Comments Off on What Were April’s Largest CMBS Delinquencies? Views: 1274 Arizona, California News, Florida, Louisiana, National News, New York News, Texas News, Top National

What Were April’s Largest CMBS Delinquencies?

The Trepp CMBS Delinquency Rate pushed higher in April, as a large number of loans reached balloon dates and failed to pay off. The U.S. CRE delinquency rate for CMBS loans stands at 5.52%, an increase of 15 basis points from March, according to Trepp.

Nearly $2.5 billion in loans became newly delinquent in April. The rate has steadily moved higher since hitting a low mark in February 2016.

Five largest delinquent April CMBS loans:

  • Two Herald Square, Midtown Manhattan (office and retail): $200 million loan
  • JP Morgan Portfolio, three assets in Phoenix and Houston (office and parking): $198.5 million loan
  • Save Mart Portfolio, 31 stores across Northern California (retail): $160.6 million loan
  • Mall of Acadiana, Lafayette, LA (retail): $124.7 million loan
  • Koger Center, Tallahassee, FL (government office): $115 million note

Read more at Trepp

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