Commercial Backed Loans In Delinquency Are $3.1 Billion In August
Posted By thestatedtruth.com on September 10, 2010
Interesting fact…..stock market REIT ‘s (Real Estate Investment Trusts) are trading at near record highs.
Of the $3.1 billion new delinquencies in August, $1.1 billion (36%) corresponded to hotel-backed loans, pushing the hotel-specific delinquency rate past 20%. Current delinquency rates by property type are as follows:
–Hotel: 20.80% (from 18.64%)
–Multifamily: 14.18% (from 13.87%)
–Retail: 6.11% (from 6.35%)
–Industrial: 5.55% (from 5.20%)
–Office: 5.06% (from 5.08%)
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