The Trepp CMBS Delinquency Rate posted a 42-basis-point drop to 8.65% in June, the lowest level in almost three years.

Trepp said today that the decline in the delinquency rate is the second biggest one-month improvement since it began publishing the monthly rate in the fall of 2009. June was the first time the rate has dropped below 9% since November 2010 and the lowest percentage since October 2010.

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