Commercial Mortgage Delinquencies Rise: Review Refinancing Plans Early

By Don McClain | Founder & Principal, Medro Advisors

The Mortgage Bankers Association reports that commercial mortgage delinquencies increased modestly in the third quarter of 2026. Among surveyed CMBS loans, 4.97% of balances were at least 30 days delinquent, up from 4.82%. Results varied by property type and capital source, with office showing the highest delinquency rates.

For owners approaching a loan maturity, the practical step is to prepare early: update operating statements and rent rolls, test cash flow against current financing terms, and identify potential equity needs. MBA noted that delinquency rates remained historically low across most capital sources, making property-specific analysis essential.

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