CMBS Delinquencies Continue Their Steady Fall In February
Fitch Ratings’ headquarters in New York City
NEW YORK–It is telling that the largest new CMBS delinquency in February was a $26.9 million Studio Green Apartments loan, secured by a 1,074-bed student housing property located in Newark, DE. And the largest resolution was a $90 million Wells Fargo Place loan secured by a 656,000 square foot office property in St. Paul, MN. Relatively speaking, these are small amounts.
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Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She’s a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.