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Commercial Loan News

Apartment Boom in Portland, Oregon

A new residential development is growing in the Lloyd District in Northeast Portland, Oregon. By summer 2015, the area should see a complete transformation with the addition of the planned 660-unit development, which will range from tiny studios to penthouses and consist of nearly 60,000 square feet of retail space. To be called Hassalo on Eighth, the three-building development will be the first of four planned construction phases intended to completely redefine and bring new life to the area. To some this appears a positive indication of forward progress.

Multifamily Delinquencies Decline in 4th Quarter

According to the Mortgage Banking Association’s quarterly multifamily/delinquency report, delinquency rates for multifamily and commercial mortgage loans continued to decline in the 4th quarter.

“Rising property incomes and values continue to boost the performance of commercial and multifamily mortgage loans,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Commercial and multifamily mortgages performed relatively well during the downturn, and for most investor groups delinquency rates are now back in the lower end of their historical range.”