The balance of delinquent commercial real estate loans bundled as bonds rose to $37.93 billion last month, a fivefold increase during the year, according to Realpoint LLC.

The month's $5.38 billion rise was driven in large part by the "late" status of a $3.5 billion portion of a loan to Extended Stay Inc., the Horsham, Pa., credit rating company said in a report Wednesday.

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