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Distressed Note Industry
Massachusetts Multifamily Real Estate
Analyzing multifamily real estate loan performance across 94 Massachusetts banks
As of Q2 2025, 94 Massachusetts banks report multifamily real estate portfolios totaling $18.8B. Non-performing loans in this category total $32.4M — an average NPL ratio of 0.17% — with $9.4M 30-89 days delinquent, $14.3M 90+ days delinquent, and $18.1M in nonaccrual status. The most distressed lender in this category is GREENFIELD CO-OPERATIVE BANK (MA) with an NPL ratio of 2.52%.
Total Lenders
94
Total Loan Portfolio
$18.8B
Total NPL
$32.4M
Average NPL %
0.17%
Delinquency Breakdown
30-89 Days
$9.4M
90+ Days
$14.3M
Nonaccrual
$18.1M
Charge-offs
$1.5M
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Multifamily Real Estate in Massachusetts
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| GREENFIELD CO-OPERATIVE BANK | MA | $61.4M | $1.5M | 2.52% |
| BROOKLINE BANK | MA | $853.2M | $14.3M | 1.68% |
| LOWELL FIVE CENT SAVINGS BANK, THE | MA | $221.2M | $2.6M | 1.15% |
| PENTUCKET BANK | MA | $54.0M | $444K | 0.82% |
| READING CO-OPERATIVE BANK | MA | $110.3M | $791K | 0.72% |
| BERKSHIRE BANK | MA | $766.1M | $3.2M | 0.42% |
| COUNTRY BANK FOR SAVINGS | MA | $185.6M | $548K | 0.30% |
| EASTERN BANK | MA | $3.0B | $6.4M | 0.21% |
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Multifamily Real Estate in Other States
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