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

By: Vivek Denkanikotte
June 10th, 2024

Disclaimer: This is an excerpt from Trepp's May Special Servicing Report. To access the full analysis of the report, click here. The Trepp CMBS Special Servicing Rate pushed higher in May, up 10 basis points to 8.21%. Though this increase was modest compared to the 80 basis point leap a month prior, the overall rate is now at its highest level since June 2021. The rate has increased every month of 2024 and is now 1.43% higher than the 6.78% mark that it closed out in 2023.

Blog Feature

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

By: Emily Yue
June 6th, 2024

Trepp releases a monthly report on loan losses in our client-only newsletter TreppWire. Click here to learn more about TreppWire. In the first part of the May 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 May 2024. See below for the four largest loans that resolved for a loss in May 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
June 5th, 2024

Trepp releases a monthly report on loan losses in our client-only newsletter TreppWire. Click here to learn more about TreppWire. In May, $369.4 million across 6 loans were resolved with $232.6 million in losses total, carrying an average loss severity of 62.97% for the month. This was an increase in loan loss volume from April where losses totaled $86.2 million. The 12-month average disposed balance moved to $294.8 million, up from the $264.9 million that was seen last month, while the 12-month moving average loss severity stood at 61.19% in May, slightly up from the 61.01% 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 May 2024.

Blog Feature

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

By: Vivek Denkanikotte
May 10th, 2024

Disclaimer: This is an excerpt from Trepp's April Special Servicing Report. To access the full analysis of the report, click here. The Trepp CMBS Special Servicing Rate leaped in April, rising 80 basis points to reach 8.11%. This marks the largest monthly jump that the rate has experienced in nearly four years, with higher monthly upticks only reached during the COVID-19 pandemic in mid-2020. Furthermore, this is the first time that the rate has eclipsed the 8.00% mark since July 2021.

Blog Feature

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

By: Emily Yue
May 3rd, 2024

Trepp releases a monthly report on loan losses in our client-only newsletter TreppWire. Click here to learn more about TreppWire. In the first part of the April 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 April 2024. See below for the three loans that resolved for a loss in April 2024 according to Trepp data.

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