M&T Bank, a Buffalo-based lender with a $36 billion commercial real estate portfolio and $4.2 billion in multifamily loans, said April’s rent collections exceeded its borrowers expectations. In its first quarter earnings call Monday, the bank reported $530 million in loans that are 90 days or more past due for the quarter ending March 31, an increase of 117 percent from the end of 2019 — primarily in residential real estate. The bank’s net income
source https://therealdeal.com/2020/04/20/multifamily-lender-saw-delinquent-loans-double-in-q1/
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