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In July, the delinquency rate for Kroll Bond Rating Agency (KBRA)-rated U.S. CMBS rose sharply to 3.93%, a 34-basis point increase from June’s slight improvement. The total delinquent and specially serviced loan rate in the $314.8-billion KBRA-rated CMBS universe continued its upward trend for the fourth consecutive month, reaching 6.44% with a 37 basis point month-over-month increase due to $2.6 billion of newly delinquent or specially serviced loans – mostly caused by imminent or actual maturity defaults – according to KBRA’s report on commercial mortgage backed securities (CMBS).

Office properties had the highest exposure at 34.

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