The Trepp CMBS delinquency rate posted a 47 basis point drop in April, its lowest reading in more than two years. The delinquency rate for US commercial real estate loans in CMBS was 9.03% in April, the lowest reading since the November 2010 rate of 8.92%.

The resolution of distressed CMBS loans was a major driver that lowered the delinquency rate in April. The removal of these loans created 30 basis points of downward pressure on the delinquency number, according to Trepp.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.