For the first time in 33 months, U.S. CMBS loan delinquencies declined, with a large assist from hotels, according to the latest loan delinquency index result from Fitch Ratings.  

CMBS delinquencies dropped 88 basis points (bps) to 7.78% due largely to the resolution of seven loans greater than $100 million, including  the $4.1 billion Extended Stay America loan. At the same time, hotel delinquencies declined to 14.14% from 21.31%, the largest drop ever recorded of any CMBS asset type by Fitch.

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