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Commercial, Multifamily Loan Delinquencies Vary in Pandemic

A pair of recent studies from the Mortgage Bankers Association show how differently the COVID-19 pandemic has affected commercial and multifamily delinquency rates, depending on the particular type of property. So reports World Property Journal.

While apartment loans, office loans and industrial loans fared well in August, according to the MBA, hotel property loans and retail property loans were hit hard by coronavirus-related delinquencies.

“Overall, the vast majority of the balance of loans backed by other major property types [besides lodging and retail] continues to perform well,” Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research, said in a press release regarding commercial and multifamily delinquency rates for the entire second quarter.

Read the full article from World Property Journal.

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