Commercial lending appears to have fully recovered from its 2020 decline, with loan closings up a very significant 42% over where they were before the Covid 19 outbreak, according to a new report. The Lending Momentum Index compiled by the Coldwell Banker Richard Ellis Group also shows commercial loan closings up by 10.3% in the final quarter of last year over the summer of 2021. The increase in lending, said Brian Stoffers in a statement, reflects the “continued expansion of high levels of liquidity in the commercial mortgage market.” The global president of debt and structured finance for capital markets at CBRE, Stoffers added that “credit spreads on permanent loans remained tight, while underwriting standards were generally unchanged from the previous quarter.” The report additionally notes that debt funds and mortgage real estate investment trusts “had the largest share of non-agency loan closings” in the final quarter of last year at 37.7%, down slightly from the previous quarter. Banks, meanwhile, came in as the second most active lending group in late 2021 at 29%, significantly up from 23.1% in the third quarter of the year. With headquarters in Dallas, CRBE is the largest commercial real estate services company in the world. By Garry Boulard
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