With loan delinquencies falling and resolutions totaling $630 million, it is expected that the CMBS rate will continue to decrease, ending the year between 2.25 percent and 2.75 percent.
Olasov said that the delinquency data display continuing trends including winding down CMBS 1.0, aged defaults in REO status awaiting liquidation and a slowly growing CMBS universe as paydowns and resolutions are outpaced by new issuance.
"A new, emerging trend is that the much cleaner loans of CMBS 2.0 are beginning to show cracks as a small chunk of newer production hits inevitable difficulties. Maintaining less than one-third of one percentage point in delinquent loans is unnatural through the credit cycle," Olasov stated.
However, Olasov also noted that conditions do remain favorable thanks to low interest rates, job creation, and limited new supply.
Read the article.
©2026 Carlton Fields, P.A. Carlton Fields practices law in California through Carlton Fields, LLP. Carlton Fields publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information and educational purposes only, and should not be relied on as if it were advice about a particular fact situation. The distribution of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship with Carlton Fields. This publication may not be quoted or referred to in any other publication or proceeding without the prior written consent of the firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our Contact Us form via the link below. The views set forth herein are the personal views of the author and do not necessarily reflect those of the firm. This site may contain hypertext links to information created and maintained by other entities. Carlton Fields does not control or guarantee the accuracy or completeness of this outside information, nor is the inclusion of a link to be intended as an endorsement of those outside sites.
Related Capabilities
Media Contact
Senior Public Relations and Communications Manager
