Dallas Ahead of the Country
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|You're fortunate to do CRE in Dallas and the great state of Texas, Henry S. Miller Financial Services prez Roy Norwood tells us. He walked us through this chart, showing the number and volume of defaulted loans in special servicing have started to abate after a steady build-up over the past couple of years. If this trend continues, it bodes well for the Dallas market. Unfortunately, the rest of the country is seeing defaults increasing by 30-40 bps per month.Nationally, delinquencies on commercial loans are approaching 12%(some folks believe they might go as high as 15%).|
|Roy says there has been a definite uptick in loan requests in HSM's business in the last few months. When he's not analyzing the state of the market, Roy likes to golf at Preston Trail and Prestonwood Country Club or rocking out at live concerts. His latest? Yes and Asia at the House of Blues. Great. Now, we're humming Heat of the Moment.|