NEW YORK CITY—Due largely to a 2006 loan backed by 2.4 million square feet of retail space, CMBS delinquencies ticked upward again for the first time in more than a year. Trepp said Thursday that late-pays on CMBS rose five basis points in August to 6.1%, ending a 14-month streak of monthly improvements.

The upward tilt of CMBS delinquencies occurred after July barely registered an improvement over June, with the late-pay rate declining just one bp from June’s 6.05%. Even so, Trepp noted that August’s rate is 228 bps lower than a year ago. Year-to-date, delinquencies have fallen 133 bps from 7.43% as of Dec. 31, 2013.

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