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Three construction workers were injured Tuesday when a deck they were working on collapsed in Boca RatonMore >>
WEST PALM BEACH, FL (WFLX)-- One of the parents accused of battery on a Palm Beach County School bus driver was released from jail Monday. Shacaurra Burns insists she did not punch the driver last Monday. "IMore >>
One of the parents accused of battery on a Palm Beach County School bus driver speaks out.More >>
BOYNTON BEACH, FL (WFLX) - Area churches are preparing for Easter services, but one local church will be hosting service in an unlikely place. Now, at the Boynton Beach mall, there's a new church whereMore >>
Area churches are preparing for Easter services, but one local church will be hosting service in an unlikely place.More >>
WEST PALM BEACH, FL (WFLX) - Deputies from Palm Beach Sheriff's Office took over a drug suspect's West Palm Beach home and then posed as dealers, netting at least 10 arrests on heroin charges. The PalmMore >>
Deputies from Palm Beach Sheriff's Office took over a drug suspect's West Palm Beach home and then posed as dealers, netting at least 10 arrests on heroin charges.
Friday, April 18 2014 3:34 PM EDT2014-04-18 19:34:46 GMT
PEMBROKE PINES, FL (PEMBROKE PINES PD/CNN) – A judge in Florida was a bit surprised when an aptly named suspect, Edward Cocaine, appeared before him on charges of drug possession. Oddly enough, it wasn'tMore >>
Edward Cocaine was arrested earlier this week after police pulled him over and discovered drugs he did not have a prescription for.More >>
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SOURCE Trepp LLC
NEW YORK, Feb. 4, 2014 /PRNewswire/ -- Trepp LLC, the leading provider of information, analytics, and technology to the CMBS, commercial real estate, and banking markets, released its January 2014 US CMBS Delinquency Report today (available at www.trepp.com/knowledge/research).
January marks the eighth straight month of improvement in the Trepp delinquency rate for US commercial real estate loans in CMBS. The rate fell by 18 basis points over the course of January to 7.25%. This level compares to 9.57% from one year ago. The last time the rate rose was May of 2013, when the rate increased by only four basis points.
There are currently $38.9 billion in delinquent loans, and $47.7 billion in loans with the special servicer. During January, $1.3 billion in previously delinquent loans were resolved with losses, while $163 million were resolved without losses. In addition, almost $1 billion in loans cured during the month. However, new delinquencies totaled about $1.8 billion. These new delinquencies are slightly greater than December's newly delinquent loans.
"The CMBS market managed to stay warm compared to the brutally cold month experienced by the Midwest and Northeast," said Manus Clancy, Senior Managing Director of Trepp. "The CMBS delinquency rate continued its improvement and CMBS spreads, particularly new issue BBB bonds, narrowed nicely. Not a bad way to kick off 2014."
Trepp believes there is more room for improvement for the delinquency rate in the near-term. A rate below 7% could be attainable by early spring as loan resolutions remain very high.
For additional details, such as an analysis by major property type, delinquency status, and historical comparisons, request the January 2014 US CMBS Delinquency Report at www.trepp.com/knowledge/research. For daily CMBS commentary, follow @TreppWire on Twitter.
Press Contact: Joe McBride, Research Analyst Trepp LLC - 212-754-1010 Email
Eric Gerard, Lindsay Church Great Ink Communications - 212-741-2977 Email