The Real Deal Miami

Delinquencies increase for U.S. CMBS loans

November 16, 2009 03:55PM

U.S. commercial mortgage-backed securities saw another monthly jump in the rate of delinquencies in October, according to data from Fitch Ratings, as late-pays jumped 3.86 percent since September. Office properties saw the biggest jump in delinquencies out of the different types of commercial properties tracked, with 19.4 percent more recorded in October than the month before. Overall, hotel properties saw the greatest percentage of mortgages defaults, with 6.81 percent of hotel property loans going into default, according to the report. TRD