In the high-stakes world of Commercial Mortgage-Backed Securities (CMBS), due diligence is everything—especially in this uncertain market. A recent Trepp Report stated that In May, the CMBS delinquency rate rose to 7.08%, with the special servicing rate hitting 10.30%. Environmental reports, appraisals, and financial underwriting typically receive the spotlight—but there’s one element quietly working behind the scenes that can make or break a loan: the zoning report.
In this latest GlobeSt article, Wes Skinner discusses what a zoning report is and why they matter in CMBS deals.