Trepp Research Report: CMBS Special Servicing Rate Continues on a Steady Decline

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The Trepp Special Servicing rate came in at 2.74% in February, a decline of four basis points from the previous month. All property types excluding the lodging sector saw a decline in their special servicing rates.

The Trepp Special Servicing rate came in at 2.74% in February, a decline of four basis points from the previous month. All property types excluding the lodging sector saw a decline in their special servicing rates.

Trepp, LLC, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its February 2020 US CMBS Special Servicing Report. The full report can be accessed here: https://www.trepp.com/instantly-access-february-2020-cmbs-special-servicing.

The Trepp Special Servicing rate came in at 2.74% in February, a decline of four basis points from the previous month. All property types excluding the lodging sector saw a decline in their special servicing rates.

The special servicing rate for CMBS 2.0+ notes saw a modest increase of three basis points. This was mainly on account of a 10 and seven basis point spike in the lodging and retail special servicing rates, respectively.

"In terms of the outstanding balance of these loans, the total increased by $136.04 million to $7.05 billion in February, said Trepp Research Analyst Jyoti Yadav. "In the legacy CMBS universe, the overall special servicing rates dropped 74 basis points, coming in at 43.25% last month."

Additionally, the total outstanding balance of these loans declined to $6.36 billion last month from $6.64 billion in January.

For additional details, such as historical comparisons and an analysis of all major property types download the February 2020 Trepp US CMBS Special Servicing Report: https://www.trepp.com/instantly-access-february-2020-cmbs-special-servicing.

For daily CMBS and CRE commentary, follow @TreppWire on Twitter.

About Trepp
Trepp, founded in 1979, is the leading provider of information, analytics, and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency, and investment performance. From its offices in New York, San Francisco, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT). For more information, visit https://www.Trepp.com.

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Jyoti Yadav
@TreppWire
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