Commercial Backed Loans In Delinquency Are $3.1 Billion In August

Posted By 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%)

About the author


Comments are closed.

Copyright © 2021 The Stated Truth