The Baltimore-Washington region ranks fifth in the nation for metropolitan areas hardest hit by the nationwide credit crunch, with more than 160 properties in financial trouble or at risk for foreclosure, according to a new study.
Industry research firm Real Capital Analytics identified 162 distressed or potentially troubled assets in the region, representing more than $4 billion in commercial real estate.
The New York-based Real Capital Analytics, which tracks data including real estate property sales across the nation, identified the properties as part of its Troubled Assets Radar. The tracking system was created to identify investment opportunities for interested buyers.
Of the 162 properties identified by Real Capital Analytics, 17 are distressed properties, which can mean their mortgages are in default, delinquent or a foreclosure notice has been filed.
