The delinquency rate on securitized multifamily loans jumped over 50 basis points from August to nearly 17% in September and it continues to be the worst performing property type in the commercial mortgage-backed securities market.

Trepp LLC reported Monday morning that the percentage of CMBS multifamily loans that are 30-days or more past due hit 16.94% in September, up 52 bps from the prior month. One year ago, the multifamily delinquency rate was 14.4%.

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