CMF Quote of the Week: April 11, 2024

“Cap rates in the first quarter of 2024 represented the highest levels since 2014 for single-tenant retail properties.”
–Boulder Group President Randy Blankstein

CMBS Special Servicing Rate Jumps: Trepp

Trepp, New York, reported the commercial mortgage-backed securities special servicing rate jumped 17 basis points in March to 7.31%.

U.S. Adds 303,000 Jobs in March

Total nonfarm payroll employment grew by 303,000 in March, per the U.S. Bureau of Labor Statistics.

MISMO Seeks Public Comment on Two Issues

MISMO, the real estate finance industry’s standards organization, is seeking public comment on two issues, the previously published IRS 4506-C dataset and the Ability to Repay Decision Model and Notation white paper.