A recent article in the National Real Estate Investor I thought worth sharing. Highlights include:
- Delinquency rate for Commercial mortgage backed securities reached a record high in August
- Multifamily defaults hit 14.53%
- Hotel defaults hit 18.92%
- Paul Mancuso, VP with Trepp, indicated there is more to follow.
- Class A products are receiving Loan Modifications
Read the full story: http://nreionline.com/finance/news/apartments_cmbs_delinquency_record_0908/
Lastly, I am NEVER too busy for your commercial client introduction and I am happy to pay a 25% referral fee. To learn more about:
- my background, visit Consult Pete
- my company services, visit Commercial MasterMinds
- group investments, visit Cash Flow Investors LLC
Continued Success, Pete
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