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RealPoint Downgrades Hundreds of CMBS Classes, CRE Deterioration Accelerates
Submitted by Tyler Durden on 05/11/2009 01:30 -0400
Commercial real estate powerhouse RealPoint has downgraded several hundred deals and CMBS classes in its
April evaluation of the sector.
Realpoint CMBS zerohedge
RealPoint also provides a comprehensive
April CMBS delinquency report. A must read for both our readers and Merrill Lynch REIT analysts. Main charts extracted below. Most notable is the explosion in 90+ day delinquencies for March relative to April. In fact the deterioration is accelerating across all metrics: no second derivative green shoots anywhere in sight in CRE land.