The volume of CMBS loans that are more than 30 days late with their payments increased in August by 0.4 percent to $31.66 billion, according to Trepp Inc. That amounts to 5.44 percent of the $581.8 billion universe it tracks. But office loans weren’t the culprit this time. Instead, it was a large loan, with a floating coupon, against a portfolio of New York City apartments that is now past its initial maturity and doesn’t easily qualify for a term extension.

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