Download this Free Commercial Non Performing Loans Report
BankProspector from distressedpro.com is online software that investors, brokers, and other service providers use to find banks and bank contacts with non performing loans and REO.
Loans go through several stages of default before they become REO all of which are reported.
In this report you’ll find:
- Commercial Real Estate Non Accrual Summary
- Bank Name
- Bank Headquarters City and State
- Total Volume of Commercial Non Accrual by bank for both owner occupied and non owner occupied properties.
Banks are required to report loans that are ’30-89 days late’, ’90+ days late and still accruing’ and non-accrual. Loans are moved into non-accrual status when “there is no longer any hope of the loan being repaid according to terms”.
Loans may also be in ‘Technical Default’ which means that covenants or restrictions set forth in the promissory note or loan documents are not being adequately met. Terms that will trigger moving the loan into technical default vary but could include inadequate reserves, unpaid taxes, sub-par occupancy and others.
This report contains a list of banks with the largest commercial real estate portfolios in non-accrual status.
Commercial real estate loans are divided into 2 categories for the purposes of a banks call report those are:
- Owner Occupied
- Non Owner Occupied
Our system connects to the federal repository, where banks report these financial details, every night. It downloads all of the new reports and then parses the real estate and other distressed debt and REO related information to make it searchable including 30-89 day late loans, 90+ day late loans, and non accrual loans, also known as non-performing (NPN, NPL).