CRED iQ monitored interest rates for CMBS conduit loans that were originated in 2022, evaluating the trends and impacts of a rising rate environment for commercial real estate mortgages. Loans with origination dates in 2022 were isolated, examining 15 CMBS conduit securitizations issued through mid-June. Interest rates for commercial mortgages have risen as the Federal Reserve has set its...
In this week’s WAR Report, CRED iQ calculated an updated valuation for One New York Plaza, which secures an $835 million commercial mortgage. The Brookfield-owned 2.6 million-sf office tower came into focus after the June 15, 2022 bankruptcy filing of Revlon, the property’s fifth-largest tenant. Details from Revlon’s Chapter 11 filing were reported by @LaurenThomas in a June 16...
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CMBS – Rising Interest Rates for CMBS Conduit Loans
CRED iQ monitored interest rates for CMBS conduit loans that were originated in 2022, evaluating the trends and impacts of a rising rate environment...
Revlon Bankruptcy and One New York Plaza
In this week’s WAR Report, CRED iQ calculated an updated valuation for One New York Plaza, which secures an $835 million commercial mortgage. The...
CMBS – June 2022 Loan Dispositions and Payoffs
CMBS conduit and SBLL transactions incurred approximately $263 million in realized losses during May 2022 through the workout of distressed assets. CRED iQ identified...
Market Delinquency Tracker – June 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 estate...
Industrial Properties Leased by Amazon
In this week’s WAR Report, CRED iQ calculated updated valuations for five industrial properties leased by Amazon. A Bloomberg article reported on May 21,...
