Ten Banks Most Exposed to Unrealized CRE Losses
Fifty-nine of the largest 155 banks had exposures greater than 300% in Q3.
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Fifty-nine of the largest 155 banks had exposures greater than 300% in Q3.
The key question now is how long this upward trend in special servicing rates will continue.
Appraised values diverge most from sale prices.
In September, the state saw 70 commercial foreclosures, up from 47 the previous year, with 538 foreclosures reported by late 2024.
“We’re not going back anywhere near the lows of the previous cycle.”
If the 10-year hits 5% and keeps going, that would complicate a CRE recovery.
Will it be a year of reckoning?
As interest rate volatility persists, net lease investors explore new markets and sectors.
Middle-sized banks had the largest share of loan modifications at 193 basis points and the second-largest percentage increase.
According to the Business Journal’s 2024 Biggest Foreclosures list, there were 25 commercial foreclosure lawsuits filed in the past 12 months, each involving at least $2 million.
Broker/President Ronald W. Osborne represents both buyers and sellers of commercial properties of all asset classes and types, focusing primarily on privately owned properties in South Florida, ranging in value from $1 to $10 million.
Sperry – RJ Realty
Phone:
954.381.0412
Email:
admin@RJ-Realty.com