The special servicing rate hit its highest mark since May 2013, increasing 44 basis points to 10.48% in September, according to Trepp. In August, the rate was 10.04%.

An increase in retail and lodging special servicing drove the surge in the rate, which sat at 3.10% a year ago. Trepp says both sectors produced their highest servicing rates reported on record. Retail rose from 17.31% in August to 18.32% in September. Lodging came in at 26.04%, after sitting at 24.99% in August. 

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