The appraised value of the asset behind a $105.3M CMBS loan was reduced by 54% to $70.9M, down from $154.0M. The loan collateral is a 617,476-square-foot urban office in Philadelphia. Clients have the story with #TreppWire:

The Trepp CMBS Special Servicing Rate jumped 27 basis points to 10.57% in June, reaching its highest level since May 2013. The office rate rose the most, climbing 62 basis points to a record high of 16.38%. Click here for the full report:

RT @TreppWire: Episode 340 is now live! We talk housing market pressures, slowing credit card debt, BlackRock’s latest acquisition, Texas f….

Episode 340 is now live! We talk housing market pressures, slowing credit card debt, BlackRock’s latest acquisition, Texas flood impact on CRE, and major NYC and multifamily deals. Tune in🔊

📰#Trepp in @GlobeStcom: "According to Trepp, issuance plummeted by 41% quarter-over-quarter, dropping from $37.55 billion in the first quarter to $22.01 billion in the second.".

Who's ready for another Market Pulse Webinar? . On Thursday, July 31st at 2PM ET, our experts will be covering insurance expense data over the last decade, maturity extension distress, CRE CLO issuance rebound, and a deep dive into both urban & suburban office performance.

The value of the asset behind a $93.8M CMBS loan was slashed by 60% to $90M in November. The loan collateral contains 1.1 million sf of retail space in a Myrtle Beach, SC, regional mall. Clients have the story with #TreppWire:

Lenders and investors are showing renewed interest in shopping malls, but the sector faces a wall of maturities. Trepp has identified 210 mall properties with $18.83B in CMBS debt maturing in the next 12 months and 63% of that debt carries yields under 10%. The big question:.

Trepp's June CMBS Delinquency Report is out now!. 📈 Overall rate: +5 bps to 7.13%.🏢 Office: +49 bps to 11.08% – Another record high.🏨Lodging: +42 bps to 6.81%. Download the full report:

A $29.1M CMBS loan recently resolved for a loss. The collateral is a 576-bed student-housing property in Johnson City, TN, near the campus of East Tennessee State University. Following the sale, the loan incurred a realized loss of $16.3 million. Clients have the story with

🗞️#Trepp Via @bisnow: "Texas Hill Country being relatively rural means the flood’s impact on commercial properties may be limited, but CMBS debt has the greatest exposure to multifamily and industrial properties in the region. Trepp found 11,581 properties backing 1,127.

Are you looking for a roadmap to office opportunities? . We have identified 279 distressed office loans totaling $9.02B, presenting unique buying opportunities. 52% of these loans have a DSCR below 0.89x, signaling severe cash flow stress. Download a copy of the report for more:

Suburban NY Office Portfolio Loan Resolves for a Loss. The $50.3M CMBS loan is backed by a five-building office complex containing 676,113 sq ft. The loan incurred a realized loss of $21.1M, for a loss severity of 41.75%. Clients have the story with #TreppWire:

RT @crenewstweets: The volume of delinquent CMBS loans declined in June by 0.78% to $42.27B, according to @TreppWire. The office sector co….

First half 2025 CMBS issuance has hit a 15-year high, up 35% from last year. Single-asset, single-borrower deals (SASB) dominated, making up nearly 75% of the total. At the current pace of issuance, the year could see nearly $120B of deals. Read more👇

📈 Despite CRE distress, 2025 is shaping up as a comeback year for issuance. 🔹 CMBS: 87 deals, $64B YTD – on pace to beat 2024’s $108B.🔹 CRE CLOs: 18 deals, $18.2B vs. $3.3B same time last year. 🎧 Tune in now at 48:43:

Chief Economist's Weekly Watch – July 7, 2025: Tariff Delay, Jobless Claims, & Fiscal Package Risk. Click here to read: