My Work
Distressed Note Industry
Analyzing multifamily real estate loan performance across 10 Arizona banks
As of Q2 2025, 10 Arizona banks report multifamily real estate portfolios totaling $816.1M. Non-performing loans in this category total $612K — an average NPL ratio of 0.07% — with $380K 30-89 days delinquent, $0 90+ days delinquent, and $612K in nonaccrual status. The most distressed lender in this category is SOUTHWEST HERITAGE BANK (AZ) with an NPL ratio of 1.10%.
Total Lenders
10
Total Loan Portfolio
$816.1M
Total NPL
$612K
Average NPL %
0.07%
30-89 Days
$380K
90+ Days
$0
Nonaccrual
$612K
Charge-offs
$691K
Distribution of banks by non-performing loan ratio
| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| SOUTHWEST HERITAGE BANK | AZ | $55.7M | $612K | 1.10% |
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