Tracking the Rapid Return of Commercial Property Lending
Dallas Morning News reports: As evidenced by a recent article in the Dallas Morning News, the commercial property debt market is well on its way towards a big comeback. The article cited a recent Mortgage Bankers Association report that indicated commercial and apartment lending in the US was up considerably in the third quarter, while CMBS debt is “up more than 900 percent from a year ago, when basically nothing was going on.”
Robert White, president and founder of Real Capital Analytics, confirmed the resurgence of commercial property lending: “There have been rapid improvements in the debt markets…The commercial mortgage-backed securities market has roared back to life…And some community banks have also stepped up.”
The article points out the Mr White’s comments and the MBA report were further supported by the Federal Reserve’s most recent Senior Loan Officer Opinion Survey, which indicated that just 4 percent of bankers report they are still tightening their lending standards. With historically low interest rates and pricing on commercial properties, the article made it clear that well-qualified developers and investors should be making deals happen now, during this unique window of opportunity.
View the full article on Dallas Morning News: Tracking the Rapid Return of Commercial Property Lending
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Posted by: Nina Turner