Lodging and Retail Drive Fourth-Quarter CMBS Workouts
Severities from 23 fourth quarter CMBS workouts resulting in losses ranged from 1 percent to 111 percent, according to CRED iQ data.
Source: commercialobserver.com
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CMBS Realized Losses Climb in June
CMBS transactions incurred roughly $41 million in realized losses during June, more than five times higher than May, according to CRED iQ.
Source: commercialobserver.com
CRE Loan Distress Up in 70% of Largest Metro Areas in June – Commercial Observer
Seventy percent of the 50 largest MSAs tracked by CRED iQ saw increased month-over-month distress with commercial real estate loans in June.
Source: commercialobserver.com
CMBS Delinquency at Highest Level Since 2021
The CMBS delinquency is now at its highest level since the end of 2021, according to CRED iQ.
Source: commercialobserver.com
Poughkeepsie Galleria Loan in Trouble After Value Plummets 71%
The future of the Poughkeepsie Galleria is being questioned after losing $169 million in value in just 12 years.
Source: hudsonvalleycountry.com