CMBS loan repayments down in Q4, says Moody’s
European CMBS loans reached their lowest rate of repayment for two years in the fourth quarter of last year, driven by the high leverage and lower quality of the under properties, according to Moody’s.
Only 22% of the 31 CMBS loans scheduled to mature in the fourth quarter of last year repaid at or before maturity. This was well below the 37% average rate of timely loan repayment seen over the previous four quarters, said Moody’s."The high Q4 default rate ...
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