Wilmington, DE, November 13, 2026 -- The share of commercial mortgage-backed securities (CMBS) loan balances that were 30 or more days delinquent rose to 4.97% in the third quarter of 2026, up from 4.82% in the second quarter, according to the Mortgage Bankers Association’s (MBA) Q3 2026 Commercial Real Estate Finance (CREF) Loan Performance Survey, released October 27. Office properties continued to have the highest delinquency rates among major commercial property types.

Separately, vacant commercial buildings require regular on-site monitoring to document property conditions, identify maintenance needs and help protect assets. Inlux Estate AS, a real estate company with offices in Norway and the United States, has expanded its property preservation services to vacant commercial buildings, serving asset managers, special servicers, lenders and investors.

CMBS, Life Company and GSE Delinquencies Rise in Q3

CMBS loans recorded the highest delinquency rate among the capital sources tracked in MBA’s quarterly CREF Loan Performance Survey. The rate for life company loan balances rose to 1.33% from 1.19%, while GSE loan balances increased to 1.16% from 1.11%. FHA loan delinquency moved in the opposite direction, falling to 0.90% from 1.06%.

The survey found that delinquency trends varied across major property types, with office properties continuing to show the highest rates. MBA’s Senior Vice President and Chief Economist, Mike Fratantoni, said that challenging fundamentals, particularly in the multifamily and office markets, along with higher interest rates, were affecting loan performance. He also noted that delinquency rates remained historically low across most capital sources.

Survey participants reported on $3 trillion in commercial and multifamily loans as of September 2026, representing 59% of the $5 trillion in outstanding commercial and multifamily mortgage debt as of the second quarter of 2026.

Grouped column chart comparing delinquency rates in the second and third quarters of 2026: CMBS, 4.82% to 4.97%; life company loans, 1.19% to 1.33%; GSE loans, 1.11% to 1.16%; and FHA loans, 1.06% to 0.90%.

Source: Mortgage Bankers Association, Q3 2026 CREF Loan Performance Survey.

What the Commercial Preservation Service Includes

Work begins when the client submits a work order or a portfolio list. Each visit is scheduled within an agreed service window, and inspection timeframes are specified in the client’s service agreement. Urgent inspections are quoted separately.

• Occupancy inspections: Visual inspections of accessible interior and exterior areas, with occupancy status recorded.
• Securing and winterization: Lock changes, boarding of openings and winterization, as specified in the approved work order.
• Maintenance: Grounds care, debris removal and scheduled property upkeep.
• Repairs: Performed by appropriately licensed contractors where required by applicable law, based on written estimates approved by the client before work begins.
• Reporting: Dated interior and exterior photographs, occupancy status, documented damage and potential risks, work completed, and estimates for any additional work. Reports are delivered after each visit. Invoices include before-and-after photographs of completed work, where applicable.

The scope, price and timeframe are agreed upon in writing before work begins. A dedicated point of contact coordinates each file from initial contact through completion.

"A vacant commercial building can change quickly, and the people responsible for it are often managing it from another city or country. We provide a dated record of each property’s condition and the work completed during every visit," said Nicholas Moore, Public Relations at Inlux Estate AS.

About Inlux Estate AS

Inlux Estate AS is a real estate company with offices in Norway and the United States. It works with owners, buyers and investors in residential and commercial property across Europe and the United States. The company provides three services: transaction coordination from signed contract to closing, property preservation for lenders, servicers and investors with vacant properties, and real estate crowdfunding involving individual properties for eligible investors.

Brokerage, title, escrow and repair services requiring a professional license are provided by appropriately licensed third-party professionals in accordance with applicable state requirements. Inlux Estate AS works remotely in English and Norwegian, with one point of contact for each file, and responds to inquiries within two business days. Learn more at https://inluxe-us.com/.