Non-Performing CRE Debt better than Residential Debt
By: Myles, March 4th, 2010
Real estate related loan auctions for 2009 show that non-performing CRE debt traded at a premium to non-performing residential real estate debt. Non-performing CRE debt sold for 37% of book value on average, while non-performing residential debt sold for 23% of book.
The thing that is striking though is that when both loan types are performing, there […]
Tags: Non Performing CRE Debt
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