Delinquencies of commercial mortgage-backed securities (CMBS) climbed to more than 9 percent in September, representing a 16 basis point increase over the previous month.

Waltham loan and commercial real estate data provider InvestCap Advisors LLC released its September data, which found a deterioration of commercial real estate loan performance.

Commercial multifamily property loans 30 days delinquent or greater topped 13.1 percent, retail properties increased to 7.4 percent followed by office at 7.1 percent and industrial at 6.1 percent.

"We continue to see deterioration in commercial real estate loan performance with lodging properties leading the way with the delinquent rate of over 19 percent," said Scott Barrie, managing director of Investcap Advisors.

"This performance, although a smaller monthly increase in September, still indicates we are far from out of the woods," said Barrie.

The Investcap Advisors CMBS delinquency report is released monthly and created from data on more than $695 billion in CMBS loans.