Lending grows as commercial mortgage market stabilizes

Kirk Pinho - Some real estate finance experts predicted turbulent seas ahead two years ago, expecting a wave of defaults on commercial mortgages issued during the free-lending heyday in the mid-2000s. But it appears as though the choppier waters have subsided. The 90-day delinquency rates for commercial mortgage-backed securities borrowers for buildings in and around Detroit have fallen considerably in the past three years as the local real estate market has improved, lenders agree to workout agreements