A survey developed to gauge how the pandemic is impacting commercial mortgage loan performance shows that delinquency rates for commercial and multifamily loans held steady in June.

The share of commercial and multifamily loan balances that were current remained unchanged at 95.2%, according to data from the Mortgage Bankers Association’s CREF loan performance survey.

“Commercial and multifamily mortgage delinquencies continue to be driven by loans backed by hotel and retail properties that ran into trouble during the pandemic and are now more than 90 days late,” said Jamie Woodwell, vice president of commercial real estate research at MBA.