According to analysis of FDIC data by the Mortgage Bankers Association, banks reduced their holdings of almost all assest class in the loan and lease category, except for loans on multifamily and commercial properties. Banks are more reluctant to charge off their multifamily and commercial mortgages.
It is expected that the default rate for multifamily will continue to climb this year before starting a slow decline. The commercial property default rate will continue to climb till the end of next year before declining.
Cap rates for those assets with stabilized income in the multifamily and commercial retail property have started to declined in eight of the the 14 Eastern markets,held flats in two and increased in four; Miami, Philadelphia, Jacksonville (Fl), and Raleigh (NC).
To receive property information with stabilized income send request to: mbracket@hotmail.com
About Me
- Maria E Brackett
- Hialeah, Fl, United States
- Serving the South Florida Market since 1974. FIU BBA 74 and MSM RE 78. Miami Association of Realtors 2011 Governors Board of Directors. Largest Realtor Board in the Nation. Northwestern Dade Association of Realtors 2007 and 2011 President. Florida Realtors 2006-07, 2010-11 Director. Member of the National Association of Realtors. Owner - LandPro International
ELAN Construction, Inc.
Great General Contractor
Tactically Sharp, Inc.
NRA Certifed Instructor
Homeland Security
Advisory System
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