Citibank Forced to Resume Lending on Failed Mall Project
November 18, 2009
If a court in New York can come to this conclusion, can a court in California come to the same? That would probably be something Peter Pau and RREEF, developers behind the Sunnyvale Town Center that is headed to foreclosure want to know. Regardless, this is a huge decision by the NY court because it [...]
Read More >>More Delinquency Data; This Time on Construction Loans
May 8, 2009
The WSJ has an article discussing some residential projects Swig Co. has going in NYC. The article isn’t that interesting, except that it contains some data on construction loan delinquency rates.
According to the data, some 32% of construction loans on condo projects are more than 30-days past due. On non-residential commercial construction loans, delinquency rates are some [...]
Delinquency Rates on Construction Loans in Double Digits
November 3, 2008
An article in GlobeSt. discusses numbers from an Oakland, CA research group called Foresight Analytics which indicate that 10% of US construction loans are delinquent. The number was derived from earnings calls and reports. The number is nearly twice as high as it was last year (5.5% in Q4).
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