Delinquency on securitized commercial real estate loans declined for the 13th consecutive month. Leading last month’s improvement were industrial property loans.
The 30-day late payment rate on loans included in commercial mortgage-backed securities finished last month at 6.05 percent.
That was 22 basis points lower than in May.
The numbers were reported Tuesday by Trepp LLC.
The 30-day CMBS delinquency rate was 8.65 percent as of June 30, 2013.
The rate of past-due payments has fallen each month since May 2013, when it was 9.07 percent.
Delinquency on industrial property loans was 8.39 percent in June, tumbling 55 BPS from a month earlier — the biggest improvement of any category.
The rate on multifamily loans was 9.39 percent, 43 BPS better than in May.
A 32-basis-point drop left the 30-day rate on CMBS lodging loans at 5.39 percent as of June 30, 2014.
At 6.44 percent, securitized office property loan delinquency was down 16 BPS from May.
Even the worst-performing loan type, retail property loans, saw lower delinquency — with the 30-day rate off 9 BPS to 5.43 percent in June.
