Trepp Report Indicates CMBS Losses in February

Trepp has released its February Loss Analysis, showing a slight drop in total liquidation volume but a precipitous decline in the number of loans resolved. Trepp breaks down the loss analysis into more detail, specifically by property type and loan size. In the table below Trepp breaks out losses by major property type over the last 38 months for all loans. In the second table we eliminate loans with losses of less than 2 percent of the loan balance, and again submit losses by major property type. Average Loss Severity by Property Type for Last 38 Months - All Loans