Photo: Tobias Wilden / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Las Vegas just posted the cleanest commercial mortgage numbers of any big metro in America. According to CRED iQ’s October distress report, 2.8% of the $22 billion in CMBS loans tied to Las Vegas is delinquent or in special servicing. That is the lowest rate among the 15 largest metros the firm tracks, up only slightly from 2.5% a year ago. The national…
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Las Vegas Has the Lowest CMBS Distress of Any Big Metro. A $98 Million Apartment Loan Just Slipped Anyway.
Las Vegas posts a low CMBS distress rate, while Tides at Wynn Palms loans in a separate CRE CLO pool move to special servicing, underscoring refinance risk.
