Hotels Boost Third Quarter Commercial Mortgage Loan Results For Life Insurers: Trepp

What you need to know

  • Mortgage investments in apartment buildings produced the lowest returns.
  • The income has held up well.
  • Last quarter earnings were lower than earnings in the year-ago quarter.

The returns on commercial mortgage investments of US life insurers rose slightly in the third quarter, according to analysts from Trepp.

The relaxation of COVID travel restrictions improved the performance of loans tied to hotels and other accommodations, and the housing-related loans outperformed the other types of loans that Trepp is tracking.

Trepp had 7,991 loans on its tracking list for the life insurance commercial mortgage index for the third quarter, up from 7,568 a year earlier. The total loan balance increased from $ 149 billion to $ 157 billion.

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