The rate of delinquency on securitized commercial real estate loans moved higher for the first time in eight months during June. Loans backed by retail and multifamily properties led the increase.
As the end of this month,
the rate of 30-day delinquency on loans included in commercial mortgage-backed securities was 5.45 percent.
Delinquency worsened from 5.40 percent in May, when the rate tumbled 17 basis points.
It was the first month that CMBS loan performance deteriorated
since October 2014, when the rate stood at 6.14 percent.
Still, the 30-day rate has made a substantial improvement compared to the same month last year, when it came in at 6.05 percent.
The numbers were reported Tuesday by Trepp LLC
based on CMBS it rates.
Delinquency on securitized multifamily loans worsened 11 BPS to 8.73 percent as of June 30, 2015.
Also increasing 11 BPS was
one-month delinquency on retail property loans, ending this month at 5.54 percent.
At 5.90 percent, the 30-day rate on office property CMBS loans was down three BPS from a month earlier.
Delinquency on securitized mortgages backed by lodging properties fell five BPS from May to 3.75 percent.
A 38-basis-point decline was recorded for loans backed by industrial properties, leaving the 30-day rate at 7.12 percent as of the latest period.
