Dec
17

Fitch: Commercial Real Estate Loan CDO Delinquencies Down on Loan Extensions

By
– National Real Estate Investor

Commercial real estate loan collateralized debt obligation (CDO) delinquencies dropped 33 basis points in November to 2.80% from October levels, according to New York-based credit rating agency Fitch Ratings. The decline is largely due to loan extensions, and marks the first drop in delinquencies since July.

“The continued lack of available capital is driving maturity defaults of commercial real estate loans,” says Karen Trebach, a Fitch senior director. “However, asset managers are continuing to extend many of these loans, with the extension of two large performing matured balloon loans leading to the net decline in this month’s commercial real estate loan delinquency index.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://nreionline.com/finance/news/cdo_delinquencies_down_loan_extensions_1217/
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