Quarterly securitizations of commercial real estate loans have moved sharply higher over the past year. Transactions secured by hotels led an improvement in delinquency.

Issuance of commercial mortgage-backed securities came to 34 transactions for a total of $20.37 billion in the first-quarter, soaring from 15 transactions for $11.12 billion a year prior.

Most of the gain was due to a surge in single-asset, single-borrower transactions, with securitizations of these deals leaping to $9.62 billion from just $2.94 billion one year earlier.

Source: Mortgage Daily