KBRA pulled together its CMBS loan performance trends in December, closing out 2022. Let’s do the bad new first and then find a bit of a silver lining.

Things have been getting worse for a few months. The delinquency for US CMBS loans rated by KBRA were 2.97%. That’s 8 basis points up from 2.89% in November, which in turn was up 11 basis points from October’s 2.78%. September was even mower at 2.76%.

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Erik Sherman

 

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