“October’s lower activity
was driven primarily by a
resolution to the large
Extended Stay portfolio,
which we consider an
anomaly”
December 15, 2010 12:45 PM Eastern Time
Investcap Advisors Releases New Commercial Property Delinquency Data for November...
More
“October’s lower activity
was driven primarily by a
resolution to the large
Extended Stay portfolio,
which we consider an
anomaly”
December 15, 2010 12:45 PM Eastern Time
Investcap Advisors Releases New Commercial Property Delinquency Data for November
2010
WALTHAM, Mass.
--(BUSINESS WIRE)--Investcap Advisors, LLC, a leading provider of surveillance data on commercial loan
and real estate performance, released their November data on CMBS delinquencies.
November’s CMBS delinquency rates climbed again after dropping dramatically in October.
The November rate reached 8.
81%, a .
31% rise over October’s rate.
“October’s lower activity
was driven primarily by a resolution to the large Extended Stay portfolio, which we consider
an anomaly,” states Scott Barrie, managing director of Investcap Advisors.
Fewer commercial
loans were being transferred to special servicers in November, culminating in a 16.
7 %
decrease over prior month activity.
The rise of over $2 billion in overall delinque
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