The delinquency rate for commercial mortgage-backed securities was little changed from June to July, according to Fitch Ratings.
Delinquencies fell by 1 basis point to 4.53%, Fitch said. The balance of late-pays fell 0.4% to $17.1 billion
Resolutions in July totaled $485 million, down from $780 million. The number of new delinquencies totaled $455 million, down from $876 million.
The largest single new delinquency in July was the $54.6 million 2 Rockledge Centre loan.
Retail delinquencies fell 3 basis points to 5.41%, hotel delinquencies rose 14 basis points 5.34% and multifamily delinquencies fell 10 basis points to 4.9%.
Industrial delinquencies rose 22 basis points to 4.87%, office delinquencies rose 4 basis points to 4.73% and mixed-use delinquencies fell 7 basis points to 3.61%.
