Peak Archives - VRJ Properties https://vrjproperties.com/tag/peak/ Multifamily and Commercial Real Estate Investments Fri, 14 Mar 2025 09:01:38 +0000 en-US hourly 1 https://vrjproperties.com/wp-content/uploads/cropped-favicon-512x512-1-32x32.png Peak Archives - VRJ Properties https://vrjproperties.com/tag/peak/ 32 32 Peak Properties Lands South Side Management Assignment https://vrjproperties.com/peak-properties-lands-south-side-management-assignment/ Thu, 13 Mar 2025 22:24:55 +0000 https://vrjproperties.com/peak-properties-lands-south-side-management-assignment/ Peak Properties has been awarded the management assignment at 7800-10 S. Colfax in Chicago’s South Side. “We are excited to bring our expertise to this property and contribute to the South Side community,” said Cory Eisenstein, VP of property management...

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Peak Properties has been awarded the management assignment at 7800-10 S. Colfax in Chicago’s South Side.

“We are excited to bring our expertise to this property and contribute to the South Side community,” said Cory Eisenstein, VP of property management at Peak Properties. “Our goal is to provide residents with a comfortable and well-maintained living environment while embracing the unique character of this historic area.”

This 36-unit property offers a variety of apartment layouts with close proximity to local parks, cultural institutions, and South Side neighborhoods. Originally built in 1927, the mid-rise apartments feature a courtyard on a .35 acre lot.

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]]> CLO Distress Rate Reaches New Peak in December https://vrjproperties.com/clo-distress-rate-reaches-new-peak-in-december/ Thu, 23 Jan 2025 16:55:20 +0000 https://vrjproperties.com/clo-distress-rate-reaches-new-peak-in-december/ The CRED iQ CRE CLO distress rate added 60 basis points in December – reaching a new high of 13.8%.  Underpinning the distress rate, December’s delinquency rate for collateralized loan obligations came in largely flat at 11.8%; while the special...

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The CRED iQ CRE CLO distress rate added 60 basis points in December – reaching a new high of 13.8%.  Underpinning the distress rate, December’s delinquency rate for collateralized loan obligations came in largely flat at 11.8%; while the special servicing rate saw a 180-basis point increase, reaching 9%.  

CRED iQ’s analysis revealed that that 61.9% of CRE CLOs loans are operating below a 1.00 DSCR (NCF), up from 59.2% last month. Net Cash Flow (NCF) is a key variable in calculating a loan’s DSCR which determines the strength and creditworthiness of a given loan.

Among metro areas, Indianapolis-Carmel continues to lead the U.S. with a 70.6% distress rate. However, that figure trims 270 bps from the November print of CRE CLO loans in some form of distress.

The CRED iQ distress rate includes any loans reported 30 days delinquent or worse, past their maturity, specially serviced or a combination of these.



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