NEW YORK CITY—Following an uptick in June, CMBSdelinquencies continued their downward trend in July,Trepp LLC said Monday. The Trepp CMBSDelinquency Rate inched down three basis points last monthto 5.42%, with the rate of seriously delinquent loans at 5.22%.
Trepp says the delinquency rate has fallen 23 times over thepast 27 months. The rate at July 31 is 62 bps lower than theyear-ago level, and 33 bps lower year-to-date,
During July, $1.4 billion in loans became newly delinquent,putting 27 bps of upward pressure on the delinquency rate. About$600 million in loans were cured last month, which converselyhelped push delinquencies lower by 12 bps.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
