Thursday, November 04, 2010

The good, the bad, and the bad

So first I noticed this story out of Cincinnati that mentioned Pittsburgh as having a significantly lower deliquency rate overall than they did for securitized real estate loans.  A good thing I would think.

Then I looked more at the source that compiled the data, and we show up pretty bad across a broad range of commerial real estate loan deliquency metrics.  Check out: Bank Loan Delinquency Rates Improved in 2Q

It quotes for us a 27.8% delinquency rate for us and  a #3 ranking in their list of Areas with Highest Construction and Land Loans.  Worse than Las Vegas?  But Seattle is the worst? 

Could the Hilton be impacting that number?

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