Bank CRE Default Rate Falls Below 1%


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WASHINGTON, DC—This past quarter commercial real estate bank lending reached a happy milestone: the default rate for both multifamily and commercial loans fell below 1% for the first time since 2007, according to a quarterly report by Chandan Economics that will be released this week.

Specifically, the combined multifamily and commercial default rate declined to 0.9% in Q2 2015. Broken out, that translates into a multifamily default rate of 0.3%, lower than the pre-crisis peak in 2006 and 2007 and a commercial default rate of 1.1%…

Bank CRE Default Rate Falls Below 1%

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