Late payment on securitized commercial mortgage rose again in March, led by industrial and retail properties.

The delinquency rate for U.S. commercial real estate loans in CMBS is now  5.37%, an increase of six basis points from February, according to Trepp. 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. It has moved higher in 11 of the last 13 months.

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