California CRE Delinquency Ratio Falls in Q1

SACRAMENTO-Delinquencies in the California commercial lending market declined during the first three months of the year, according to a quarterly survey conducted by the California Mortgage Bankers Association. The delinquency ratio for the quarter was 0.13%, down 27 basis points since the start of the year but still up compared to one year ago, when the ratio was 0.05%.

Of the $85.9 billions of loans being serviced by the seventeen commercial mortgage bankers surveyed, $111.9 million, consisting of six individual loans, were delinquent. By number, the six delinquent loans represent 0.06% of the 10,778 commercial real estate loans included in the survey.