For the 21st consecutive quarter, the California Commercial Loan Delinquency Ratio is below one half of 1 percent, according to the Dec. 31, 2003, quarterly delinquency survey conducted by the California Mortgage Bankers Association.

The survey found 99.65 percent of the California commercial real estate loans serviced by 18 mortgage banking firms were either current or only one payment delinquent.

This translates into a delinquency ratio of .35 percent. This compares to a delinquency ratio of .29 percent three months ago and .14 percent a year ago. Seventeen of the eighteen companies reported no loans more than 30 days delinquent.

Of the $59.8 billions of loans being serviced by the eighteen California commercial mortgage bankers, $212 million, consisting of 21 individual loans, was two or more payments past due. The three largest loans, representing 40 percent of this total, were a $34.4 million loan on an office building, a $32.5 million loan on a hotel and a $17.5 million loan on a single purpose property.

The 21 delinquent loans represent .21 percent of the 9,954 commercial real estate loans included in the survey.

For survey purposes, a loan is considered delinquent if it is two or more payments past due. Loans in the process of foreclosure are included, regardless of the number of payments past due.

Founded in 1955, CMBA is the California association representing the real estate finance industry before all government and regulatory agencies.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Network with CoStar, Redfin, Realogy, SERHANT., Divvy, and thousands more in-person at ICLV this October. Prices go up Sunday.Register Now×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription