The Real Deal Miami

Commercial delinquencies up

May 14, 2009 12:47PM

Lenders are increasingly worried about the potential for billions of dollars of losses from commercial real estate loans. Delinquency rates have more than doubled for office, retail and hotel buildings in the past six months. Almost $73 billion worth of commercial real estate loans are distressed, according to Real Capital Analytics. Commercial real estate losses could reach $53 billion over the next two years, the government’s bank stress tests, released last week, suggested.