CRED iQ’s distress rate—which includes loans 30 days delinquent, past maturity, in special servicing, or a combination of these factors—was consolidated from all loan-level performance info for every outstanding CRE CLO loan, totaling approximately $78B, up from $75B MoM.Currently, 36.5% of CRE CLO loans are also on servicer watchlists, down by 2.1% since the last report. Combining the distress rate with the watchlist percentage reveals that 46.2% of these loans have some kind of issue, a figure that remains nearly unchanged from the previous month.
Source: As Interest Rates Rise, CRE CLO Distress Jumps to 9.74% – CRE Daily
