The U.S. CMBS delinquency rate declined sixteen basis points in June to reach 9.02%, according to Moody’s Investors Service’s Delinquency Tracker (DQT). The rate of loans in special servicing dropped for the second straight month with a decrease of 27 basis points, settling at 12.35%.

The $4.1 billion in resolutions of delinquent loans recorded in June, compared with $3.1 billion in new delinquencies, makes June the fourth consecutive month that resolutions have outnumbered new delinquencies. The total amount of delinquent U.S. CMBS loans is now $54.7 billion.

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