December 8, 2010
Charting Commercial Real Estate Delinquencies
I have been a total blogging slacker, for which I apologize. I've been fairly obsessed with commercial real estate debt for the past month or so and reading documents with lots of numbers. One such document is the Mortgage Bankers Association report on delinquency rates in the third quarter of 2010. Not good news. I have made a nifty chart to illustrate this data which I will hopefully attach to this post without incident:
The best estimates are that $1.4 trillion of commercial real estate debt will mature before 2014, and the estimated equity gap (difference between refinancing proceeds and payoff amounts for prior debt) will exceed $800 billion. I'm working on an article that attempts to describe how this problem came to be and what we might be able to do to solve it. If you have any thoughts on the subject, please share.
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