The good news for distress investors: big banks see non-performing commercial real estate debt on their books double, according to Green Street Advisors.
The bad news: that's still not enough to signal bargains to go around for buyers.
Non-performing CRE debt was 0.86% of the balance sheets of the 325 largest US banks at the end of 2020, according to regulatory data that Green Street got from Trepp Bank Navigator. That was up from 0.41% the previous year but still below the 1% figure set in 2015 and far under the 8.6% from 2010.
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