CMBS Conduit Loan Liquidation Remained Stable In March

Posted by Orb Staff on April 03, 2012 No Comments
Categories : Commercial Mortgage

11233_bwo_033 CMBS Conduit Loan Liquidation Remained Stable In March The volume of commercial mortgage-backed securities (CMBS) conduit loans liquidated in March remained stable, according to new data released by Trepp LLC.

Last month, 95 CMBS conduit loans were liquidated, slightly up from 93 in February. The average loan size for liquidated loans was $10.5 million in March; over the last 12 months, the average size of liquidated loans has been $8.6 million.

The losses from the March liquidations were about $316 million, representing an average loss severity of 31.77%. This was up by 6.22% from February's 25.55% reading. February represented the lowest level since March 2011.

Trepp adds that the March loss severity reading was "well below" the average loss severity of 42.54% over the last 27 months, and also below the 12-month rolling average of 43.51%.

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