The percentage of commercial mortgages marked at 30 days delinquent surged in May as the impact of the novel coronavirus on as businesses from retail to hospitality missed rental payments, and their landlords then missed loan payments.
In May, 7.15 percent of commercial mortgages that had been bundled into securities were at least 30 days delinquent, up 481 basis points from the month before, according to securities data company Trepp. That’s the biggest month-over-month increase Trepp has recorded since it began tracking the metric during the Great Recession in 2009. Another 7.6 percent of commercial mortgages that back securities missed May payments, but were less than 30 days delinquent. Even more are in forbearance.
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https://www.houstonchronicle.com/business/article/Virus-oil-delaying-business-mortgage-payments-15321120.php
