Commentary

Historical Excess Loss in CMBS Suggests Small Markets, Skilled Nursing/Healthcare Properties, and Regional Malls Are Most at Risk

CMBS

Summary

This commentary examines historical loss data across a set of 12,000 losses. The analysis concluded that loans backed by collateral in rural and less dense suburban markets are more susceptible to wider value swings, as DBRS Morningstar has previously observed.

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Contacts

  • Tom Yang
    Vice President, North American CMBS - Model and Methodology Development
    +1 312-332-9453
  • Steve Jellinek
    Vice President, Head of Research - North American CMBS
    +1 312 244 7908
  • Misaki Nabeshima
    Assistant Vice President - Structured Finance Analytics, Quant
    +(1) 312 332 9470
  • Gwen Roush
    Associate Managing Director - North American CMBS Ratings, Surveillance
    +(1) 312 332 9575

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