Brief
CMBS Special Servicing Rate Dips in February, but Retail Sees Big Increase
The Trepp CMBS Special Servicing Rate declined modestly by 18 basis points in February to 10.73%. The decline resulted from seven office and three mixed-use loans transferring out of special servicing
The Trepp CMBS Special Servicing Rate declined modestly by 18 basis points in February to 10.73%. The decline resulted from seven office and three mixed-use loans transferring out of special servicing, but was nearly negated by a large retail loan’s transfer to special servicing. February saw large and mixed movements across property types. The mixed‑use rate decreased...
Source
- Connect CREconnectcre.com
