Monday, 27 July 2009

CMBS Delinquency Jumps by 53 Percent in June to $28.65Bln

Commercial Real Estate Direct Staff Report

Thevolume of delinquent CMBS loans skyrocketed by 53 percent in June to $28.65billion.

That increase includes a$9.87 billion jump, to $11.24 billion, in the volume of loans that became at least 30-days late in June, the biggest-ever monthly increase. It could be explained in large part bythe classification as 30-days late of some $3.4 billion of loans on propertiesowned by General Growth Properties, which filed for bankruptcy in April.

Takeout the GGP loans and the overall delinquency rate is still a...





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