Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SACRAMENTO-The California Commercial Loan Delinquency Ratio is below one half of 1% for the 23rd consecutive quarter, according to the June 30, 2004 Quarterly Delinquency Survey conducted by the California Mortgage Bankers Association.Just over 99.6% of the California commercial real estate loans serviced by 18 mortgage banking firms were either current or only one payment delinquent, according to the survey. Fifteen of the 18 companies reported no loans more than 30 days delinquent. Of the $59.2 billion of loans being serviced by the 18 California commercial mortgage bankers, $196.7 million, consisting of 17 individual loans, was two or more payments past due, according to the survey. The three largest loans, representing 47% of this total, were a $42.5-million loan on a hotel in Alameda County, a $32.6-million loan on an office building in Los Angeles County and a $17.3-million loan on a single purpose property in San Diego County. The 17 delinquent loans represent 0.17% of the 9,796 commercial real estate loans included in the survey.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.