Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the average delinquency and default rate for loans of this type?

April 26, 2017average Default Delinquency Loans rate type

0

Posted

What is the average delinquency and default rate for loans of this type?

1 Answer

0

Posted

A. In addition to the managements experience with past loans of this type, two publicly listed companies operating for more than ten years in the business of financing this specific type of land loan have reported default rates from a minimum of 0.61% to a maximum of 2.74% of principal balances outstanding annually. This data includes total loan volumes exceeding $1 billion dollars.