There have been some relative improvements seen in cCMBS delinquencies recently but also some continuing concerns, suggesting that market—while improving in some respects — still could have some hurdles to clear before it bottoms out.

Many factors such as increases in loan resolutions, property sales, loan modifications, and particularly maturity extensions—as well as a pickup in originations—are “limiting delinquency growth,”said Larry Kay, Standard & Poor’s director, CMBS surveillance.

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