2009 Delinquency Summary: Use your Self-Directed IRA for Commercial Properties
Posted by: Administrator in self directed ira, retirement, myblog, multifamily, IRA, investment, delinquency, commercial loan, commercial, Brooklyn Troy, 401k on
Jan 11, 2010
Here is a quick delinquency summary on the commercial loan market from Trepp:
- Troubled loans transferred to special servicers grew to $68.3 billion versus $12.3 billion;
- Loans of concern have caused servicer watchlists to swell to $146.0 billion, compared with $124.0 billion;
- Hotel delinquencies surged to 13.87%, up from 1.2%;
- Multi-family delinquencies reached 9.27%, increasing from 2.8%
- Overall delinquencies climbed to 6.07%, rising from 1.3% - reaching an all time high.
As you can see commercial delinquencies like those in the residential market are still increasing. Some experts are predicting the peek for commercial loan delinquency wont be seen until 2011. What this means for investors is an opportunity to expand your portfolio and pick up some great commercial properties at some amazing prices. Primarily most investors tend to utilize their retirement funds for the purchase of residential properties, but there are increasing more and more amazing opportunities arising in the commercial sector. Although financing is a but more difficult to obtain utilizing your 401k for the acquisition of some commercial properties is become increasingly more lucrative. Keep your eyes peeled on those struggling commercial properties in your area, their are plenty of opportunities out there to be had.
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