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Restaurant Mortgage Delinquencies Triple

Restaurant Engine

Delinquencies on U.S. restaurant mortgages tripled from April to May. retail establishments’ unpaid commercial mortgages increased to 10.14% in May. Restaurants have been one of the hardest-hit retail industries, with sales dropping as much as 89% during the trough of the pandemic. . would rise to 16%.

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Restaurant Tenants Renegotiate Rent and Mortgages

Restaurant Engine

A new report confirms what many already knew: mortgage delinquencies are hitting record highs. mortgage borrowers are delinquent on payments — their worst rate since January 2016. Not included are an additional 8% of mortgages now in forbearance. To be specific, 6.1% of total U.S. The national 6.1% Unpaid U.S.

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