A new analysis by CRED iQ finds multifamily loan delinquencies have risen to 1.37%, the highest level since 2008. Delinquent balances jumped from $2.4 billion to $8.9 billion in just two years, driven by floating-rate debt, higher cap rates and declining property values. While losses remain below the previous peak, the rapid pace of deterioration signals a more challenging lending and refinancing environment ahead.
Source: https://www.orionprop.com/topfive/multifamily-lending-enters-new-phase-of-stress/
