August saw the Trepp CMBS delinquency rate continue its downward trend after posting the largest decline in four years in July. The overall CMBS delinquency rate in August was 9.02%, a decline of 58 basis points from the July number, which itself followed a spike in June to 10.32%. Trepp’s Manus Clancy writes that about $6.5 billion in CMBS loans were “cured”—i.e. brought back into current status…
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