A big drop in delinquency on loans backed by hotels and industrial properties helped pull down delinquency on all securitized commercial real estate loans.
In January, loans included in commercial mortgage-backed securities had a 30-day delinquency rate of 5.66 percent.
Trepp LLC reported the metric.
CMBS late payments were down from the previous month, when the 30-day rate was 5.75 percent.
The improvement was more aggressive compared to the first month of 2014, when the rate was 7.25 percent.
Providing the most support for last month’s decline were lodging loans, which saw a 37-basis-point decline in 30-day delinquency from December to 4.40 percent.
The 30-day rate on industrial property loans fell 35 BPS to 7.20 percent in January.
A six-basis-point decline on the retail property loan delinquency rate left it at 5.60 percent.
The only property type to see deterioration last month was office property loans, with the 30-day rate surging 10 BPS to 6.18 percent.
