Moody’s CMBS Conduit/Fusion Delinquency Tracker ticked up to 8.17% in April, surpassing the previous pandemic peak of 7.95% in July 2020. In April, $2.31 billion in loans entered delinquency, 52.6% of which was secured by office loans, 17.2% secured by retail loans and 8.8% secured by hotel loans.