Compared to previous months, CRED iQ observed a surge of CMBS loans with non-performing maturity balloons in August 2022. There was approximately $4.7 billion in outstanding loans that were characterized as non-performing maturities as of August 2022. This figure excluded debt with properties that have entered into foreclosure as well as REO assets but included loans that may have...
In this Weekly Asset Review (WAR Report), CRED iQ highlights five distressed properties that have transferred to special servicing in August and September 2022. CRED iQ’s special servicing rate for CMBS conduit and SASB transactions has shown a recent uptick. In August 2022, the special servicing rate was 4.91%, representing a 10% increase compared to the prior month. Featured...
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CMBS – Maturity Defaults Surge Higher
Compared to previous months, CRED iQ observed a surge of CMBS loans with non-performing maturity balloons in August 2022. There was approximately $4.7 billion...
Specially Serviced Loans – September 2022
In this Weekly Asset Review (WAR Report), CRED iQ highlights five distressed properties that have transferred to special servicing in August and September 2022....
Jeff Kurtz Joins CRED IQ as Director of Sales
Tech-focused data, analytics and valuation firm, CRED iQ, has hired Jeff Kurtz as Director of Sales. Kurtz joins CRED iQ with over ten years...
CMBS – August 2022 Dispositions and Payoffs
CMBS conduit and SBLL transactions incurred approximately $205 million in realized losses during August 2022 via the workout of distressed assets. CRED iQ identified...
Market Delinquency Tracker – September 2022
CRED iQ monitors distressed rates and market performance for nearly 400 MSAs across the United States, covering over $900 billion in outstanding commercial real...
