Trepp’s CMBS Delinquency Rate in June was 10.32 percent, a jump of 317 basis points over the May number. About 5 percentage points represent loans in the 30 days delinquent bucket while another 3.2 percentage points are now 60 days delinquent.
The numbers could be headed still higher in July. That is because 4.1 percent of loans by balance missed the June payment but remained less than 30 days delinquent. That percentage of loans in or beyond grace period (the A/B loans as Trepp refers to them) has fallen from 8.1 percent in April and 7.6 percent in May.
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