After a brief decline in November, distress in multifamily CMBS loans U-turned higher again in to finish the year. The chart below shows the percentage of multifamily CMBS loans delinquent, with special servicers or unable to be paid off at maturity (green line).
It’s important to note that CMBS loans make up a small percentage of the multifamily pie, but they provide more transparent information compared to other loan types.
Industrial saw a large drop in December as a few very large loans were able to get worked out.
Multifamily Market News 