The volume of CMBS loans that are more than 30 days late with their payments spiked in March by $308 billion, to $4583 billion, marking the largest one-month increase in delinquency volume since May 2023, when volumes increased by $326 billion...
The Chattanooga, Tenn, REIT, which filed for bankruptcy in 2021 and was able to eliminate $17 billion of debt and preferred equity through its restructuring, has stopped making payments against the three properties' mortgages, which have a total...
CMBS special servicers received 50 loans with a balance of $266 billion last month, marking the most active month since last June, when $291 billion of loans transferred However, they resolved, or otherwise worked out, $325 billion of other loans,...
The volume of CMBS loans that are more than 30 days late with their payments declined in February by 518% from January, to $4276 billion, marking the largest percentage drop in CMBS delinquency since 2022 The driver: office and retail loan...
The risk that one of the highest-rated bond classes of a 2015 CMBS conduit deal would suffer losses recently increased as the combined allocated appraised value of the collateral behind its five remaining assets has declined to well less than the...
A total of 38 CMBS loans with a balance of $227 billion transferred to special servicers in January At the same time, special servicers worked out or otherwise resolved 44 loans with a balance of $201...
A total of $536 billion of CMBS loans were newly classified as being more than 30 days late with their payments last month That more than offset the reclassification of another $264 billion of previously delinquent loans to performing and the payoff...
The Real Deal The CMBS trusts that held the $12293 million loan against the 750 Lexington Ave office property in Midtown Manhattan have taken title to the property through a foreclosure held last week The two trusts are GS Mortgage Securities Corp,...
Commercial Real Estate Direct Staff Report Palisades Center Mall in New York’s Rockland County is scheduled to be sold at a foreclosure auction on Feb 4 News of the pending foreclosure auction was reported first by the Rockland County Business...
Commercial Real Estate Direct Staff Report The CRE Finance Council’s latest board of governors’ sentiment index increased 21% in the third quarter to 1254, just shy of the all-time high of 1266 set in the fourth quarter of 2024 The...
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