Commercial Loan Defaults Hit Record High

Posted by admin on May 5, 2009 under Good Info - Read It, Old News - and some New | Be the First to Comment

One thing for sure – CoStar is good for reports like this – Tim

Falling Prices Hindering Already-Difficult Ability To Refinance Loans on Time

An uptick in both the number and average loan size of new defaults resulted in a one-quarter point climb in March CMBS delinquencies to end the month at 1.53%, and there are significant indicators that point to record climb in defaults in April as well, according to Fitch Ratings.

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