Commercial real estate loan delinquency in Providence metro declined Y/Y in Nov.

PROVIDENCE – The share of commercial real estate loans in delinquency in the Providence metropolitan area declined 5.2 percentage points year over year to 2.7% in November, according to Trepp LLC ’s most recent data.

Total loan balance in the metro area was $1.1 billion in November, a decline from $1.2 billion one year prior.

There were only two loans in serious delinquency in the market of a reported total of 44 loans. One year prior, five loans were in delinquency in the metro that combined for a total of $96 million in loans. Both delinquent loans in November were long-standing delinquencies that were designated to be for a GTECH office campus at 55 Technology Way in West Greenwich. Both loans foreclosed in 2015.