Oct
11

South Carolina Among Top Ten States in US CMBS Delinquency Index

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Currently, 10 states with CMBS loans rated by Fitch have delinquency rates in excess of 10%. States with the highest delinquency rates are: Nevada (at 25.85%); Hawaii (18.03%); Michigan (15.66%); Arizona (14.75%); Mississippi (12.26%); Georgia (12.05%); Indiana (11.65%); South Carolina (10.61%); Florida (10.42%); and Tennessee (10.22%).

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Current delinquency rates by property type are: hotel at 21.31% (from 20.80%); multifamily at 14.45% (from 14.18%); retail at 6.10% (from 6.11%); industrial at 5.79% (from 5.55%); and office at 5.48% (from 5.06%).
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