Delinquency rate triples in US commercial mortgage market

[Pete Abilla]

Posting this without comment - but am curious to hear your thoughts on impact on residential mortgages and impact on multi-family.

https://www.ft.com/content/b8eac068-e7c9-42ea-b9bf-6e2b4666f5c3

[Scott Raley]

Most of my MF investments through syndication general partners are doing just fine. I do have one in Houston, that has currently suspended the preferred return and is evaluating the property performance on a quarter by quarter basis. What I've learned through Covid-19 and MF,  that it is very important where your invested. For example my DFW area investments are all performing well with very little rent forebearance. Many fortune 500 companies are in  the DFW area with lots of job diversification and a highly educated work force. Plus , Texas is business friendly ( unlike California) no state income tax, and an education system  in the north suburbs  that is excellent. Two things to remember, people have to eat and have a place to live. Class B, is affordable and is very recession resistant in the right areas.