Delinquencies on local commercial real estate loans held by banks ticked up at the start of the year, interrupting a broader recovery under way in property debt markets.
The delinquency rate for Chicago-area income-producing properties rose to 6.8 percent in the first quarter, the first rise in a year, according to Trepp LLC, a New York-based research firm. The rate increased from 6.5 percent in the fourth quarter but was still well below 7.7 percent a year earlier.
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