Education is the key to unlock the golden door of freedom.
George Washington Carver
The Trepp US CMBS delinquency rate continued its descent in March, marking the tenth straight month
of improvement. The rate decreased 24 basis points over the course of the month, which brought the
delinquency rate for US commercial real estate loans in CMBS to 6.54%. The rate is 288 basis points lower than it was a year ago and 380 basis points lower than the all-time high reached during the summer of 2012. Driven by the ongoing CWCapital distressed asset sales, the forecasted drop in delinquencies that accelerated in February extended into March with a large block of distressed asset resolutions. Over $2.1 billion in previously delinquent loans were resolved with losses over the course of the month. This level was down from $2.6 billion in February, but was still well above the normal monthly average over the last two years. By removing these delinquent loans from the numerator, the rate saw 40 basis points of improvement. Loans that cured totaled over $900 million in March,
which resulted in 17 basis points of additional downward pressure on the delinquent loan percentage. New delinquencies totaled about $1.7 billion in March, which pushed the rate up by 32 basis points.
The Numbers:
• The overall US CMBS delinquency rate
decreased 24 basis points to 6.54%.
• The percentage of loans 30+ days delinquent or
in foreclosure was 6.78% in February and 7.25%
in January.
• The percentage of loans seriously delinquent
(60+ days delinquent, in foreclosure, REO, or nonperforming
balloons) is now 6.28%, down 26 basis
points for the month.
• If defeased loans were taken out of the
equation, the overall 30-day delinquency rate
would be 6.80%–down 23 basis points from
February.
• There are currently $34.6 billion in delinquent
loans, which is down from $36 billion last month.
This number excludes loans that are past their
balloon date but are current on their interest
payments.
• There are $42.7 billion in loans with the special
servicer. This represents almost 2,500 loans.
READ MORE….
TREPP CMBS Research – March 2014
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COMMERCIAL – INVESTMENT BROKER – LANDSPECIALIST- ARIZONA
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I go to great heights to sell or purchase your land
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3
Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
4.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554
PLEASE NOTE, I CHANGED BROKERAGES BUT CELL PHONE AND E-MAIL STAY THE SAME.
Thank You
Walter
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Cell: 520-975-5207
Office : 480-948-5554
Fax: (480-658-1172
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a little about me and my expertise – video
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