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The Trepp CMBS delinquency rate marked its eleventh straight monthly decline in May, posting its biggest drop in three months to 6.16%. That figure represents a decrease of 36 basis points from April’s number.  And the percentage of loans with the special servicer fell to 8.65% in May from 9.02% in April. 

The percentage of loans that were 30 days delinquent was 0.38%, a decrease of 31 basis points from a month prior. Loans in grace period—those that missed May payments but were less than 30 days overdue—accounted for 2.77% of loans, up 52 basis points for May.

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