The CMBS delinquency rate continued to drop in August after posting the largest decline in four years in July, according to a new report from Trepp.
The 9.02% overall CMBS delinquency rate for August was a decline of 58 basis points from the July number, with about $6.5 billion in loans cured, according to the August 2020 U.S. CMBS Delinquency Report.
"By 'cure,' we mean that the loan was delinquent in July but reverted to current (or in or beyond grace period) status in August," said Trepp senior managing director Manus Clancy.
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Meredith Hobbs
Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at [email protected] or 404.419.2837. On Twitter: @MeredithHobbs.
