Apartment building mortgage defaults hit record high

05/25/2010 | Bloomberg

A sobering new report from Real Capital Analytics shows the default rate for apartment building mortgages has hit a record high of 4.6% -- a number that's nearly double what it was a year ago. "Apartment defaults are leading other commercial real estate," said Sam Chandan, global chief economist at Real Capital.

View Full Article in:

Bloomberg

Published in Brief: