Delinquencies on U.S. office CMBS loans just hit 12.2%, WORSE than the peak during the Global Financial Crisis.
The delinquency rate on office loans in commercial mortgage-backed securities rose from 12.0% in August.
The peak during the Global Financial Crisis was 10.7%.
That makes this the second-highest rate on record, just behind January’s record of 12.3%, according to Trepp.
The delinquency rate on office loans in commercial mortgage-backed securities rose from 12.0% in August.
The peak during the Global Financial Crisis was 10.7%.
That makes this the second-highest rate on record, just behind January’s record of 12.3%, according to Trepp.