(Mark your calendars: RealShare New York Oct. 12 in New York.)
NEW YORK CITY-Both loan-to-value ratios and debt yields declined between Q1 11 and Q2 11 in the most active US commercial real estate markets, according to data released Friday from Chandan Economics. The Q2 2011 CRE Loan Quality Report also indicates that the biggest decline was in loans secured by performing office properties in those markets.
In New York, Washington, DC and San Francisco, the office loan debt yield declined to 7.8% from 8.1% during the period studied in those markets’ CBDs. Nationally, the office loan debt yield fell to 9.7% from 9.8%. The debt yield on high-rise apartment building loans also declined.
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