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SAN FRANCISCO-Commercial loan delinquency at mid year was .09%. The figure is an increase from the end of March but still half what it was this time last year, according to the California Mortgage Bankers Association.

In dollars, the percentages mean that of 10,347 commercial real estate loans totaling $74.5 billion, nine individual loans totaling $66.4 million were two or more payments past due.

By property type, office building loan delinquencies were .12% (compared to no delinquencies three months ago), retail property loans were also .12% delinquent (the same as three months ago), and loans on “other” properties were .30% past due (a decrease of .04 percentage points from three months ago).

The $6.8 million of multifamily delinquencies represented less than .1% of the outstanding multi-family loans, according to the report. Two loans on industrial properties (totaling $10.4 million) were delinquent. There were no delinquent R & D properties, hospitality or mobile home park loans reported.

At the end of March, loan delinquency was 0.7%, a figure that was revised upward from 0.05% because of a mistake, according to the CMBA. At the end of June 2005, the percentage of delinquent loans was .18%.

The California Mortgage Bankers Association is based in Sacramento. The survey covers 17 California commercial mortgage bankers. Sixteen of the 17 commercial mortgage bankers reported no loan more than 30 days delinquent. No loans were reported to be in foreclosure.

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