RCA in the commercial property press:


Lenders get back nearly 60% on foreclosures


Thursday, October 15, 2009
Source: Silicon Valley/San Jose Business Journal


Silicon Valley/San Jose Business Journal reports: Lenders recovered almost 60 percent of the loan value for properties that were foreclosed in 2009, according to an analysis by Real Capital Analytics.

In a report released Thursday, the New York firm said lenders recovered $1.9 billion on 145 defaulted commercial mortgages totaling $3.2 billion.

In an indication that more is yet to come, Dan Fasulo, managing director for Real Capital, said in an e-mail, "For the entire U.S. we have only been able to track 145 recovery rates — that’s how little of the distress has been cleaned up until now."


View the full article on Silicon Valley/San Jose Business Journal: Lenders get back nearly 60% on foreclosures


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Posted by: Matthew Stone

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