Friday, August 21, 2009

Twin Cities CMBS Delinquency at 9%

Minneapolis/St. Paul Business Journal reports:

The commercial real estate services firm reports that $532 million worth of Commercial Mortgage Backed Securities (CMBS) in the Twin Cities, more than 9 percent of the $5.8 billion of CMBS loans in the metro area, are at least 30 days delinquent.

In the next 12 months, there are 49 properties with CMBS loans nearing $750 million coming due. A total of 87 properties are coming due in the next two years.

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