Delinquencies Are Down In Fourth Quarter For Commercial Loans
SOURCE: Biz Journals
According to a survey by the California Mortgage Bankers Association, commercial loan delinquencies for the state continued at a historically low level in the fourth quarter of 2007.
The rate was the fourth-lowest reported the second quarter of 2002, and was up slightly from the third quarter of 2007.
There were 4 loans that were more than three months delinquent, out of a total 9,932 surveyed, the CMBA found. They included a $27.3 million loan on an office building in San Francisco, a $4.8 million loan on a health care facility in San Diego County, a $4 million hotel loan in Alameda County and a $2.6 million office building loan in Orange County.
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According to a survey by the California Mortgage Bankers Association, commercial loan delinquencies for the state continued at a historically low level in the fourth quarter of 2007.
The rate was the fourth-lowest reported the second quarter of 2002, and was up slightly from the third quarter of 2007.
There were 4 loans that were more than three months delinquent, out of a total 9,932 surveyed, the CMBA found. They included a $27.3 million loan on an office building in San Francisco, a $4.8 million loan on a health care facility in San Diego County, a $4 million hotel loan in Alameda County and a $2.6 million office building loan in Orange County.
Read full report »
