While apartment loans, office loans and industrial loans fared well in August, according to the MBA, hotel property loans and retail property loans were hit hard by coronavirus-related delinquencies.
“Overall, the vast majority of the balance of loans backed by other major property types [besides lodging and retail] continues to perform well,” Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research, said in a press release regarding commercial and multifamily delinquency rates for the entire second quarter.
