ATLANTA-The 30-day delinquency rate for commercial mortgage-backed securities (CMBS) for Atlanta at the end of last month stood at 25.5%, the highest rate in the nation.
The city’s CMBS delinquency rate shot up from the 19.9% rate posted a year earlier, according to Trepp, the New York City-based firm that monitors CMBS debt.
The state of Georgia has the second highest CMBS delinquency rate at 20%, behind only the state of Nevada, according to the Atlanta Business Chronicle.
A $71.1-million loan backed by the Millennium in Midtown building and a $67.7-million loan secured by Southlake Mall were recently added to Fitch‘s CMBS index. See story in the Atlanta Business Chronicle.