Commercial real estate information company CoStar Group, reports an increase in the CMBS cumulative default rate for fixed-rate deals of 25 basis points, from the end of 2011, according to Fitch Ratings. Newly defaulted loans were up in April. Office loans were the highest with 49% by balance, followed by retail loans, with 29% by balance. The company suggests following closely “performing balloons”, or loans whose balloon date has past, but are current in their interest rate. Multifamily, and industrial delinquency rates are down.
Read full article here: Office Loans Jacking Up CMBS Defaults
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