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The Multifamily Investor’s Guide: Q4 2022 NPL & REO Overview

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Non-Performing Multifamily and Apartment Loans and REO: Q4 2022 An Overview
Q4 2022 NPL REO Market An Overview for Multifamily Investors

Non-Performing Multifamily and Apartment Loans and REO: Q4 2022 An Overview

In addition to non-performing commercial real estate and construction loans, non-performing multifamily and apartment loans and REO are essential parts of the U.S. real estate market. In this overview, we will provide an overview of the current state of non-performing multifamily and apartment loans and REO in the U.S. and information on how to invest in these types of assets.

Non-Performing Multifamily and Apartment Loans and REO in the U.S.

As of the end of 2022, there were 516 banks in the U.S. with non-performing multifamily and apartment loans and REO. Non-performing multifamily and apartment loans are loans issued to finance the purchase or construction of a multifamily or apartment property. Still, the borrower has not made payments for a certain period and is at risk of default. On the other hand, REO is properties that a bank has acquired due to foreclosure and are now owned by the bank.

Multifamily and Apartment REO

As of the end of 2022, there were $27,922,000 in multifamily and apartment REO, with 30 banks holding these properties. Multifamily and apartment REO can include both completed and partially completed projects, as well as undeveloped land.

30-89 Day Late and Still Accruing Loans

There were 0,982,000 in non-performing multifamily and apartment loans that were 30-89 days late and still accruing, with 193 banks holding these loans.

90+ Day Late and Still Accruing Loans

There were also 5,963,000 in non-performing multifamily and apartment loans that were 90+ days late and still accruing, with 34 banks holding these loans.

Nonaccrual Loans

Nonaccrual loans for multifamily and apartment properties totaled 4,168,000, with 259 banks holding these loans. Nonaccrual loans are loans on which the bank has stopped accruing interest.

Investing in Non-Performing Multifamily and Apartment Loans and REO

If you are interested in investing in non-performing multifamily and apartment loans and REO, you must do your due diligence and thoroughly research the market. One way to invest in these types of assets is to contact a mortgage note and REO brokerage firm specializing in these areas.

One such firm is Fitzgerald Advisors, a mortgage note and REO brokerage firm that specializes in non-performing loans and REO. They have extensive experience in working with investors to help them acquire non-performing multifamily and apartment loans and REO and can provide valuable guidance and advice on the investment process.

Conclusion

In conclusion, non-performing multifamily and apartment loans and REO are essential parts of the U.S. real estate market, with thousands of banks holding these assets. If you are interested in investing in these assets, you must do your due diligence and thoroughly research the market. Working with a specialized brokerage firm like Fitzgerald Advisors can also be a valuable resource in the investment process.

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