Multifamily CMBS delinquency and servicing rates rose yet again
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in October 2026: $5.9B across 72 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
Private-label securities have a 7.69% delinquency rate, while commercial real estate collateralized loan obligations sit at 3.88%, according to Trepp.
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
Developer sues landowner, its alleged partner, over proposed 754-unit Dorchester apartment complex
News | Developer starts construction of apartment complex near San Antonio
Joint Venture Underway on 236-Unit Multifamily Project in Denison, Texas
DENISON, TEXAS — A joint venture between 2GR Equity, Preston Forrest Capital and Cross Development is underway on construction of The Katy at Waterloo Trails, a 236-unit multifamily project in Denison, about 75 miles…
Cobb to consider 282-unit apartment complex at former Mountasia site
Partnership Completes $636M Rehabilitation of Two Brooklyn Affordable Housing Communities
NEW YORK CITY — A partnership between The New York City Housing Authority, Fairstead, BRP Cos., Urbane and the Local Development Corp. of East New York has completed the $636 million rehabilitation of Reid Apartments…
JLL Brokers Sale of 217-Unit Apartment Building in Hoboken
HOBOKEN, N.J. — JLL has brokered the sale of 1000 Jefferson, a 217-unit apartment building in Hoboken. Built in 2007, the six-story building houses 93 one-bedroom units, 114 two-bedroom residences and 10 three-bedroom…