In April, there was no significant movement in delinquencies specific to any one commercial real estate property type. Current delinquency rates by property type are as follows:

Hotel       18.42%

Multifamily 13.60%

Retail      5.83%

Industrial  4.60%

Office      3.97%

About 30 percent of newly delinquent commercial real estate loans in the U.S. were from commercial mortgage-backed securities loans originated in 2005, according to Fitch Ratings’ February delinquency index. Upcoming maturities for deals originated five years ago contributed to a delinquency rate that stood at 6.29 percent at the end of February.

Office properties had the largest increase in the loan delinquency index, growing by 45 basis points from January to a total rate of 3.5 percent. The hotel industry’s delinquency rate is the greatest at 16.6 percent, while multifamily is at nearly 9 percent, retail at 5.1 percent and industrial at 4.2 percent.