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July 2, 2025

As CMBS Delinquencies Rise, Lenders Zone in on This Report

By Wes Skinner, CHMM

More Than Just a Box on the Due Diligence Checklist, Zoning Reports Can Help Protect Collateral Value.

By Wes Skinner, CHMM, Principal and National Client Manager, published on June 25, 2025, on GlobeSt.com

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.

About the Authors

Wes Skinner, CHMM

Principal

Wes Skinner, CHMM is a Principal and National Client Manager for Partner, and is responsible for the oversight and management of environmental, engineering, energy, industrial hygiene, valuation, and asset management services. Mr. Skinner focuses on reducing client risk through quality and expedient responses to the demanding environmental, engineering, and regulatory requirements of his clients. In addition to leading operations at the Partner Michigan office, he has served as national client manager and senior project manager for numerous portfolios and thousands of industrial, municipal, commercial, and residential environmental and engineering assessments around the world.

Get in Touch

Wes Skinner, CHMM
(810) 936-4805
[email protected]

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