Late payments on securitized commercial mortgages rose again in April as a large amount of loans matured and borrowers were unable to make a final, balloon payment.

The delinquency rate for U.S. commercial real estate loans in CMBS is now 5.52%, an increase of 15 basis points from March, according to Trepp. After hitting a post-crisis low in February 2016, the reading has consistently climbed over the past year as loans from 2006 and 2007 have reached their maturity dates and have not been paid off via refinancing. The rate has ascended in 12 of the last 14 months.

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