In a report from Trepp, the data provider said that the delinquency rate for CMBS commercial real estate loans continued to rise in April, although the rate of increase slowed compared with March's accelerated pace.

The market was "taken by surprise" last month, according to the firm's publication TreppWire, when delinquencies increased 89 basis points. Around 40 basis points of that increase was a result of the massive Stuyvesant Town loan becoming delinquent. Despite this, the 49 basis point net rise was more than twice the increase posted in February.

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