Tuesday, March 10, 2009

Remit Day

Today we wait. We wait for the analysts to suck in all of the data from the 60%+ of the deals in the US CMBS universe that pay on the 10th so we can stare at it. We'll probably get our first glance late this week, although any new big delinquencies might start making the WSJ before then if they are interesting enough. Since I don't have it yet, let's just pick the absolute worst numbers from last month's remits.

Worst Total Delinquency Rate (including 30+ through REO) by State, Property Type, and Deal Type:
Nevada - 3.33%
Senior Housing - 2.99% (followed closely by multifamily @ 2.67%)
Credit Tenant Lease deals - 3.91%

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