The rate of late payments last month on securitized commercial real estate loans declined to the lowest level in nearly four years.
Thirty-day delinquency on loans included in commercial mortgage-backed securities was at 6.012 percent in September.
It was the lowest level of delinquency for CMBS loans since December 2009.
The 30-day CMBS delinquency rate was 6.162 percent during the previous month.
In the same month last year, 8.103 percent of CMBS loans were at least a month past due.
The performance data was based on the $744.28 billion in CMBS rated by Morningstar Credit Ratings LLC.
All property categories of CRE loans were down approximately 10 basis points between August and September.
Loans secured by multifamily properties had a 3.3 percent 30-day rate last month — the lowest of any category.
Next was retail property loans, which had a 6.1 percent rate, then 7.0 percent on hotel loans, 8.9 percent on office property loans and 9.3 percent on healthcare property loans.
At 11.2 percent, delinquency on industrial property loans was the worst of any CRE category.
