HeyJaredLiam Mulcahy
- Indexed articles, last 90 days
- 5
- Latest publication
- Sep 28, 2026
- Outlet visibility, for Commercial Observer
- Top 500K sites
- Earliest in this view
- Aug 3, 2026
Latest articles
Office CMBS Delinquency Rate at Highest Level This Decade (opens the original)
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The office commercial mortgage-backed securities (CMBS) delinquency rate reached 13.2 percent in August 2026, the highest reading since at least 2019 and up from 8.1 percent in July 2024. That is roughly 1.6 times the 8.2 percent rate across all property types. The office figure includes performing matured loans. Excluding those, office delinquency stands at 9.8 percent. The special servicing rate climbed to 15.7 percent, also the highest since at least 2019, up from 14.9 percent a year earlier
CRE CLO Distress Accelerates in August (opens the original)
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The commercial real estate collateralized loan obligation (CRE CLO) distress rate jumped from 19 percent in July to 28 percent in August, the sharpest one-month move of any deal type this year, according to CRED iQ data. The single-asset, single-borrower (SASB) commercial mortgage-backed securities distress rate has held near 22 percent since June. Both numbers trace to the same two origination years: 2021 and 2022 vintage loans now carry $3 billion of CRE CLO’s special-servicing balance and $1.
Forbearances, Modifications Carry Weight in Latest Data (opens the original)
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CRED iQ tracked 82 modified commercial mortgage-backed securities (CMBS) and commercial real estate collateralized loan obligation (CRE CLO) loans with a combined $2.36 billion in outstanding balance from May through July 2026. The mix looks different than it did a few quarters ago as “extend and pretend” hasn’t disappeared, but it’s no longer the whole story. Forbearances and combination modifications are now carrying meaningful weight alongside straight maturity extensions, and the balance is
What’s Driving CMBS Distress in the Top U.S. Metro Areas (opens the original)
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Across the 50 largest commercial mortgage-backed securities (CMBS) markets, $45.8 billion of $393.5 billion in outstanding balance is currently distressed, a balance-weighted rate of 11.6 percent, according to CRED iQ data. Minneapolis, Denver and Oklahoma City lead the distress rankings at 55.1 percent, 35.9 percent and 34.1 percent, respectively, each shaped by a handful of very large loans rather than broader weakness, while Salt Lake City sits at zero, and is therefore the cleanest metro in
Overall CMBS Distress Hits a 2026 High (opens the original)
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For commercial real estate and commercial mortgage-backed securities investors, brokers and lenders trying to separate signal from noise in a choppy market, granularity is everything. CRED iQ‘s July 2026 reporting period data looks to provide exactly that with a loan-level view of distress across the $600 billion-plus CMBS universe, broken out by servicing status, deal type, property type, and metro area. Overall distress rate (10.91 percent): This captures every loan that is either specially se
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For Commercial Observer, the outlet · Measured Aug 1, 2026
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