Late payments on securitized commercial real estate loans worsened last month. Deterioration was driven by loans securitized five-to-seven years ago.
As of April 30, delinquency of at least 60 days on loans that are included in commercial mortgage-backed securities was determined to be 5.58 percent.
Sixty-day delinquency on CMBS loans deteriorated when compared to one month previous, a period when the rate worked out to 5.53 percent.
Source: Mortgage Daily