Trepp | CMBS Loan Loss Report: Volume of Loan Losses Decreases in November 2023

In November, $79.2 million across 10 loans were resolved with $36.4 million in losses total, carrying an average loss severity of 45.92% for the month. This was a decrease in loan loss volume from October where losses totaled $155.6 million.

The 12-month average disposed balance moved to $194.0, down from the $209.3 million that was seen last month, while the 12-month moving average loss severity stood at 53.99% in November, slightly up from the 53.21% seen in the prior month.

This first part of the monthly loss report covers CMBS loan loss trends from the past 12 months, and the second part of the report will provide a deeper dive into the largest loans that resolved for a loss in the most recent month.

You can read the full article and access the figures here.

Stay tuned as Trepp will be releasing a second edition, highlighting the largest loan losses for November 2023.

Compliments of Trepp – a Premium member of the EACCNY.