The delinquency rate on commercial mortgage-backed securities rose from May to June, according to Trepp's monthly report.
The rate increased five basis points to 5.45%. However, the rate is still lower than April, when it stood at 5.57%. The June rate is also 60 basis points lower than a year ago, and the rate has fallen 30 basis points from the beginning of the year.
Multifamily properties comprised 8.73% of delinquent CMBS loans, the largest among the five categories of property types. Industrial loans had the second-highest delinquency rate at 7.12%, followed by office at 5.9%, retail at 5.54% and lodging at 3.75%.
Among loans classified as delinquent, other real estate loans comprised the largest portion at 3.43%, followed by foreclosure loans at 1.05%.
