by Kipp Gillian | Aug 4, 2023 | Distressed Assets
Office led the way as CMBS delinquencies increased in July, Trepp and Fitch Ratings said Friday. The Trepp CMBS delinquency rate rose 51 basis points to 4.41%, the highest level since December 2021, with increases in four of the five major property sectors. ...
by Kipp Gillian | Jul 31, 2023 | Distressed Assets
After a slight improvement in June, the delinquency rate among Kroll Bond Rating Agency (KBRA)-rated U.S. CMBS rose sharply in July to 3.93%, a 34-basis point increase. The total delinquent and specially serviced loan rate in the $314.8-billion KBRA-rated CMBS...
by Kipp Gillian | Jul 28, 2023 | Distressed Assets
Delinquency rates for bank-held commercial real estate (CRE) loans increased in the first quarter, with all major property types other than industrial showing greater distress, Trepp reported last week. Lender concern about risk, indicated by criticized loan rates,...
by Kipp Gillian | Jul 17, 2023 | Distressed Assets
The U.S. CMBS delinquency rate rose six basis points to 1.91% for a second consecutive month in June from 1.85% in May, Fitch Ratings reported. The majority of new delinquencies occurred in the retail and office sectors. Fitch said new 60-day-plus delinquencies in...
by Kipp Gillian | Jul 10, 2023 | Distressed Assets
The Trepp CMBS Special Servicing Rate climbed 31 basis points in June to 6.42%. This represents the fifth increase in a row and the third largest this year. Six months ago, the rate was 5.17%, while 12 months ago, it was 4.91%. Most notable was the increase in the...
by Kipp Gillian | Jul 5, 2023 | Distressed Assets
Midloch Investment Partners closed its second “value fund” (Midloch Value Fund II) to new investors after raising $60 million. This comes after the recent sale of its Last Mile Penn industrial property in Minneapolis and the acquisition of three multifamily properties...
