The monthly performance of securitized commercial real estate loans continues to improve, with delinquency establishing yet another post-crisis low. Industrial properties led the latest drop.
Morningstar Credit Ratings LLC reported Friday that 30-day delinquency on loans pooled in commercial mortgage-backed securities was 1.94 percent in August.
Compared to one month previous — when the 30-day CMBS rate fell to the lowest level since 2008 — delinquency has tumbled by 11 basis points.
Source: Mortgage Daily
