At one point the level of distress commercial real estate was close to $200 billion, according to Delta Associates, which tracked these figures and released them quarterly to the waiting-with-baited-breath commercial real estate industry. What that number is today, though, Greg Leisch, president of Delta Associates, couldn’t tell you.
"We stopped tracking it," he tells GlobeSt.com. "There's no longer a demand for the information or demand for distress services—and that is a market indicator in itself I would guess."
Not to worry, though. There are plenty of other statistics that capture the progress of commercial real estate loan delinquencies. The Mortgage Bankers Association, for instance, has released its Commercial/Multifamily Delinquency Report. Among its choicer findings, according to Jaime Woodwell, MBA's vice president of Commercial Real Estate Research: the delinquency rate on bank-held loans is at its lowest level since the beginning of 2009. CMBS is doing relatively well, too, he says, with the delinquency rate for these loans, while still elevated, continuing to stabilize.
Read more...GlobeSt.com - Whatever Happened to CRE Distress? - Daily News Article
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.