Carly V. Cento’s Post

🆕The Trepp CMBS delinquency rate jumped back above 5% in June 2024. The increase is somewhat expected after last month’s slight retreat given that the CMBS delinquency rate has been on an upward trend, increasing in four of the last six months. Overall, the delinquency rate increased 38 basis points to 5.35%. Download Trepp's latest delinquency report here 📩 https://hubs.li/Q02F5wF_0 #Trepp #CRE #CMBS #DelinquencyReport #DelinquentLoans #CommercialRealEstate #Office #Retail #Multifamily #Lodging #Industrial

🆕 The Trepp, Inc. CMBS Delinquency rate inched up five basis points in February 2024 to 4.71%. The jump was mainly due to increases in the heavily-watched office segment, where the rate rose 33 basis points to 6.63%. The retail segment notched the largest decline of all property sectors for the month, dropping 24 basis points to 6.03%. Download Trepp's latest delinquency report here 📩 https://hubs.li/Q02mVVF-0 #Trepp #CRE #CMBS #DelinquencyReport #DelinquentLoans #CommercialRealEstate #Office #Retail #Multifamily #Lodging #Industrial

📣 Trepp's monthly Delinquency Rate report is out for February 2024! 🏢 The Trepp, Inc. CMBS delinquency rate increased to 4.71% in February 2024, primarily due to the Office segment. Want to learn more about February's delinquency numbers? Check out the report here: https://lnkd.in/eFPB9vhV. 🕵♂️ For those interested diving deeper into distress in the CRE market, set up a demo with Trepp's CRE experts now: https://lnkd.in/e6K4HRQM. #CREmarket #TreppDelinquencyReport

REMINDER: The Pennsylvania Homeowner Assistance Fund reopens Monday to homeowners struggling as a result of pandemic-related financial hardships. PAHAF provides financial assistance to eligible homeowners for mortgage and housing-related expenses to address delinquency and avoid default, foreclosure or displacement from their homes. Funds will be distributed on a first-come, first-served basis to eligible new applicants until the remaining monies are exhausted with priority given to homeowners facing an imminent adverse action such as a notice of foreclosure, sheriff sale or utility shut-off notice. Applicants should understand that submitting an application does not guarantee funding. Learn more: https://lnkd.in/d7RAb8H

The Pennsylvania Homeowner Assistance Fund will reopen Monday, March 18, to homeowners struggling as a result of pandemic-related financial hardships. PAHAF provides financial assistance to eligible homeowners for mortgage and housing-related expenses to address delinquency and avoid default, foreclosure or displacement from their homes. Funds will be distributed on a first-come, first-served basis to eligible new applicants until the remaining monies are exhausted with priority given to homeowners facing an imminent adverse action such as a notice of foreclosure, sheriff sale or utility shut-off notice. Applicants should understand that submitting an application does not guarantee funding. Learn more: Learn more: https://lnkd.in/d7RAb8H

🚨 Market Update: CMBS Delinquency Rates on the Rise! 🚨 We’re seeing a notable increase in CMBS delinquency rates, with office properties jumping over 100 basis points in just one month, and the overall delinquency rate now approaching 6%. 📈 Anecdotally, my colleagues and I in the Special Servicing group here at Barnes & Thornburg LLP (h/t Jonathan Sundheimer) are seeing a clear uptick in workout discussions as stakeholders recognize that action is needed. 🤔 Are we witnessing full capitulation? Maybe -- but probably still too early to say. What does seem clear is that those who proactively engage in meaningful discussions sooner rather than later are likely to be in a stronger position as we move forward. 💪 Will be curious to hear what others are seeing in the current landscape? #CommercialRealEstate #Distress #Workout #SpecialServicers #MarketTrends #RealEstateInvestment https://lnkd.in/gx87dnj8

October Sees Increase in CMBS Delinquencies Due to Office Drives Read the full article below..

Our flats are back in the headlines today as the Grenfell public inquiry report is published. Six years after our building was deemed "high risk to life", all that's moved is the insurance premiums (from £100 a year to £2000 per flat) and the interest rates. Lenders won't lend, developers won't properly fix, and everyone is blaming everyone whilst the only people whose fault it definitely ISN'T (those who bought new homes in good faith that they were safe and a good investment) are trapped, scared and broke. Coverage today: 📻 - https://lnkd.in/esQff3EF (2:08:00 onwards) 📻 - https://lnkd.in/ehJDPMTX 📰 - https://lnkd.in/emVA7EGx 📰 - https://lnkd.in/ezEgB4JC 📰 - https://lnkd.in/eHcszR2i 📺 - https://lnkd.in/enhFYN4A (headline item) #endourcladdingscandal

Do you have high delinquency rates, long unit turn times, frequent turnover, and increasing turn costs? https://lnkd.in/gkDqG62y #hunterpropertymanagement #leasespringfield #springfieldpropertymanagement #propertymanagement101 #landlordtips #propertymanager #turnover

We discuss the challenges faced by landlords in high-demand areas like Toronto and the GTA, including financial strain and mental stress due to problematic tenants and non-payments. To reduce risk, we recommend implementing a rigorous tenant screening process, including credit checks and references, as well as considering landlord insurance to protect against lost rent, property damage, and court proceedings. #landlord #financialstress #problematictenants #nonpayments #tenantscreening #creditchecks #references #landlordinsurance #lostrent #propertydamage #courtproceedings #torontorealestate #landlordwoes #rentalmarket #tenantissues #landlordprotection #tenantvetting #propertymanagement #riskreduction