SACRAMENTO, CA-California commercial loan delinquency is at its lowest rate in more than four years, according to a March 31, 2006 quarterly delinquency survey conducted by the California Mortgage Bankers Association. Seventeen mortgage banking firms operating in California report a delinquency ratio of .05%, the lowest since June 30, 2001, according to the survey results. A year ago the delinquency ratio was .17%.
Of the 10,439 loans totaling $75.6 billion being serviced by the 17 California commercial mortgage bankers, 13 individual loans totaling $51.6 million were two or more payments past due. By property type, retail property loans were .12% delinquent (the same as three months ago), warehouse/industrial loans were .09% past due (one $8.6 million loan) and loans on "other" properties were .34% past due (compared to .53% three months ago).
The $11.5 million of multifamily delinquencies represented .05% of the outstanding multi-family loans. There were no delinquent office building, hospitality or mobile home park loans reported, according to CMBA
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