Lenders' Insatiable Appetite for Commercial Real Estate
Commercial Real Estate Default Rate Down to 3.75% In Q3 Commerical Mortgage Insight reports on the findings of the third quarter bank default and lending report:
Chandan Economics found that banks' CRE REO increased to $13.5 billion in the third quarter, a new cyclical high. Between nonperforming balances and REO, there is $72.4 billion in distressed multifamily and CRE loans in the domestic banking system as of the third quarter. With the inclusion of construction loans, that total rises to over $110 billion.
Rea the full story at the Mortgage Orb website.