Commercial Real Estate Loan Delinquencies Poised to Escalate in D.C. Area

May 2, 2010  |  

(Washington Business Journal) — The Washington area has so far dodged a massive wave of distressed commercial real estate, but problems are beginning to mount for local properties financed through commercial mortgage-backed securities.  As of April 26, just 2.14 percent of all these securitized loans — generally referred to as CMBS — in the metropolitan statistical area, which includes a small sliver of West Virginia, were 90 days or more delinquent, recent bond data show. But nearly 18 percent of all CMBS loans in the region are on a watch list, meaning they face challenges — including a maturing loan, loss of a big tenant or falling rents — that could push them into default.

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