KBRA Publishes Study – CMBS Lending Trends: August 2021



NEW YORK–() – Kroll Bond Ratings (KBRA) is releasing a US Commercial Mortgage Lending Trends (CMBS) report for its staff in August 2021. The delinquency rate in August fell to 4.6% from 4.9% in July. This is the 14th consecutive month that the rate has declined or remained unchanged from the previous month since peaking at 8.2% in June 2020.

In the sphere of housing and retail trade, the largest decrease in the level of delinquencies was recorded to 11.3% from 11.9% and 7.4% from 8%, respectively. As in recent months, the number of housing delinquencies has declined, with 26 home loans totaling $ 486.7 million now current or payable. The implementation of six loans totaling $ 130.7 million contributed to a decrease in retail arrears. The retail loans in question were repaid with an average loss of 44.6%. An apartment building was the only type of property in which a rise in crime was recorded. The rate increased to 1.9% from 1.6%, which was caused by five loans totaling USD 109.4 million, for which new delays occurred. However, all but one of the five were already on special service prior to being overdue this month.

Click on here to view the report.

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KBRA is a full service rating agency registered in the US, EU and UK and dedicated to providing structured finance ratings in Canada. KBRA ratings can be used by investors for capital regulation purposes in multiple jurisdictions.


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