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Delinquency Report

CRED iQ monitors CMBS delinquency rates on a monthly basis, providing insight and intelligence on the nature of distress in the commercial real estate market. The CMBS delinquency rate is equal to the percentage of all delinquent specially serviced loans and delinquent non-specially serviced loans, for CRED iQ’s sample universe of $500+ billion in CMBS conduit and single asset single-borrower (SASB) loans. Additionally, CRED iQ tracks the CMBS special servicing rate, equal to the percentage of CMBS loans that are with the special servicer (delinquent and non-delinquent). Aggregating the two indicators of distress – delinquency rate and special servicing rate – yields an overall distressed rate (DQ + SS%). This monthly report monitors trends in commercial real estate distress over time and provides details on specific commercial mortgages factoring into month-over-month changes.