In addition to retreating for six consecutive months, delinquency on securitized commercial real estate loans now stands at the lowest level in more than eight years. Retail loans led the latest drop.
Last year ended with a 30-day delinquency rate of 2.41 percent for loans packaged in commercial mortgage-backed securities — the lowest rate since it was 2.28 percent in May 2009.
CMBS delinquency was 2.54 percent as of Nov. 30, 2017, while the 30-day past-due rate was 3.00 percent at the conclusion of December 2016.
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