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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.

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