May 12, 2017 Comments Off on What Were April’s Largest CMBS Delinquencies? Views: 1030 Arizona, California, Florida, Louisiana, National News, New York, Texas, Top National Stories

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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