Multifamily CMBS Distress Shows Mixed Signals in June: Trepp
The multifamily commercial mortgage-backed securities (CMBS) delinquency rate increased to 7.23% in June, driven by several large assets falling into default, according to data firm Trepp. The return of a Manhattan loan reduced the multifamily CMBS rate slightly to 8.23%. Overall CRE delinquencies decreased, but sector-specific trends varied.
Topics: CMBS delinquency rate commercial real estate multifamily distress