The rate of past due payments on securitized commercial real estate loans retreated to its lowest level since 2016 and could go lower. Retail properties improved most.
Last year concluded with the rate of 30-day delinquency on loans that are included in commercial mortgage-backed securities coming in at 4.89 percent.
That wound up being the lowest CMBS delinquency rate since September 2016, when the 30-day rate was previously reported at 4.78 percent.
Source: Mortgage Daily