The CMBS delinquency rate inched up in April for the second consecutive month after significant decreases in January and February, according to Trepp. The delinquency rate is now 4.23 percent, a 1 basis point increase from March. The rate is 134 basis points lower than the year-ago level, when it was 5.57 percent.
Approximately $450 million in previously delinquent loans were paid off in April and more than $600 million in loans were cured; however, the rate was driven up by the approximately $1.1 billion in newly delinquent loans. There is currently $21.2 billion in delinquent loans.
Multifamily loans continue to be the best-performing propert
