Kroll Bond Rating Agency (KBRA)-rated U.S. CMBS delinquency rate rose sharply in July to 3.93%, a 34-basis point increase from June’s slight improvement, according to KBRA’s $314.8-billion CMBS universe data report. The total delinquent and specially serviced loan rate also continued trending upward for the fourth straight month, reaching 6.44% with a 37-bp month-over-month increase in July as loans totaling $2.6 billion were either transferred to special servicing or became newly delinquent; slightly more than half of that due to imminent or actual maturity default cases reported by KBRA analysts .
Office properties had the highest exposure among all property types accounting for 34
