The performance of securitized commercial real estate loans improved last month after rising for the first time in nearly a year. Industrial property delinquency was down most.
As of April 30, delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities worked out to 4.36 percent.
Thirty-day CMBS delinquency improved 19 BPS points compared to one month prior — when the rate deteriorated for the first time since June 2017.
Source: Mortgage Daily