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Blog Feature

CMBS | CMBS Delinquencies | CMBS Loans | Commercial Real Estate Finance | CMBS News

By: Vivek Denkanikotte
July 17th, 2024

In June, the Trepp CMBS Delinquency rate leaped 38 basis points to reach 5.35%, the highest that the rate has climbed since September 2021. Furthermore, the delinquency rates for each of the five major property types all increased in June, with multifamily, office, and retail all up at least 45 basis points. After noticing such trends, the Trepp team decided to take a closer look at the nation’s largest metro, New York-Newark-Jersey City, NJ-NY-PA, especially given the high level of activity present in the region.

Blog Feature

CMBS | CMBS Delinquencies | Special Servicing | CMBS Delinquency Rate | CMBS 2.0 | CMBS 1.0 | CMBS News

By: Vivek Denkanikotte
July 10th, 2024

Disclaimer: This is an excerpt from Trepp's June 2024 Special Servicing Report. To access the full analysis, click here. The Trepp CMBS Special Servicing Rate ticked up slightly in June, rising 2 basis points to 8.23%. Despite this month’s increase being minimal, the rate itself remains at a very elevated level. Prior to the Covid-19 pandemic, the last time the rate eclipsed this month’s 8.23% was back in January 2014. With June’s modest uptick, this now marks the sixth consecutive monthly incline for the special servicing rate.

Blog Feature

CMBS | CMBS Delinquencies | Bank Loan Delinquencies | Retail Real Estate | Commercial Real Estate | Office Real Estate | Multifamily Real Estate | Hotels | Commercial Real Estate Markets

By: Ava Iannessa
July 8th, 2024

The TreppWire Podcast, Trepp's industry-leading podcast with more than 1.3 million plays, keeps listeners up-to-date on all things commercial real estate (CRE), structured finance, and banking. Trepp subject matter experts and guests from across the industry explore how recent events have impacted both the markets and the daily lives of market participants. As we enter the second half of the year, let's take a closer look at the top five most-listened-to episodes of The TreppWire Podcast in 2024 so far. Tune in below...

Blog Feature

CMBS | CMBS Delinquencies | Commercial Real Estate | Office Real Estate | Multifamily Real Estate | Bank CRE Lending | CMBS Loans | CMBS News

By: Catherine McGetrick
July 5th, 2024

As we pass the midway point of 2024, the commercial real estate (CRE) sector continues to be faced with distress. The overall CMBS delinquency rate has already jumped up 84 basis points this year, reaching 5.35%, and around $75.74 billion of CMBS loans against office properties mature by the end of next year. Amid the distress, Trepp also reports on bright spots, areas to watch, regional and economic trends, and much more in our daily newsletters and blogs. If you are looking to see our daily CRE transaction newsletter, subscribe to The Rundown here. Or if you'd like to see in-depth blogs and research from our team, sign up for TreppTalk. In this blog, check out some of the research that our readers found the most interesting in 2024 so far. Let's take a look...

Blog Feature

CMBS Delinquencies | CMBS Loan Losses | Special Servicing | CMBS Loans | Commercial Real Estate Finance | CMBS News | Loss Analysis

By: Emily Yue
July 3rd, 2024

Trepp releases a monthly report on loan losses in our client-only newsletter TreppWire. Click here to learn more about TreppWire. Want to see Trepp's full history of CMBS Loan Losses? It's available on TreppInsights. Request a demo for more information. In the first part of the June 2024 monthly loss report, we covered the CMBS loan loss trends from the past 12 months. Here, Trepp provides a deeper dive into the largest loans that resolved for a loss in June 2024. See below for the largest loans that resolved for a loss in June 2024 according to Trepp data.

Blog Feature

CMBS Delinquencies | CMBS Loan Losses | Special Servicing | CMBS Loans | Commercial Real Estate Finance | CMBS News | Loss Analysis

By: Emily Yue
July 2nd, 2024

Trepp releases a monthly report on loan losses in our client-only newsletter TreppWire. Click here to learn more about TreppWire. Want to see Trepp's full history of CMBS Loan Losses? It's available on TreppInsights. Request a demo for more information. In June, $200.1 million across 12 loans were resolved with $148.8 million in losses total, carrying an average loss severity of 74.33% for the month. This was a decrease in loan loss volume from May where losses totaled $232.6 million. The 12-month average disposed balance moved to $301.8 million, up from the $294.8 million that was seen last month, while the 12-month moving average loss severity stood at 62.75% in June, up from the 61.19% seen in the prior month. This first part of the monthly loss report covers CMBS loan loss trends from the past 12 months, and the second part of the report will provide a deeper dive into the largest loans that resolved for a loss in the most recent month. Stay tuned as we will be releasing a second edition, highlighting the largest loan losses for June 2024.

Blog Feature

CMBS | CMBS Delinquencies | CMBS Delinquency Rate | CMBS 2.0 | CMBS 1.0 | CMBS News | DQ 24

By: Stephen Buschbom
July 2nd, 2024

Disclaimer: This text is an excerpt from Trepp's June 2024 Delinquency Report. To access the full analysis of the report, click here. The Trepp CMBS delinquency rate jumped back above 5% in June 2024. The increase is somewhat expected after last month’s slight retreat given that the CMBS delinquency rate has been on an upward trend, increasing in four of the last six months. Overall, the delinquency rate increased 38 basis points to 5.35%.

Blog Feature

CMBS | CMBS Delinquencies | CMBS Loans | Commercial Real Estate Finance | CMBS News

By: Thomas Taylor
June 28th, 2024

Data centers have become a cornerstone of economic infrastructure in the U.S., particularly with the recent surge in demand from artificial intelligence (AI) and cryptocurrency companies, as well as retailers and advertising companies that rely upon computing power. American technology giant IBM defines a data center as “a physical room, building or facility that houses IT infrastructure for building, running, and delivering applications and services, and for storing and managing the data associated with those applications and services.”

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