Ten Well-Positioned Commercial Real Estate Lenders
The Street reports: Despite the continued decline of commercial real estate credit quality, with mortgage defaults in the third quarter nearing their historical highs, The Street reports that indications have begun to emerge that the sector’s debt markets are stabilizing. According to statements made on the The Street’s site by Peter Winter, an analyst for BMO Capital Markets, “Banks haven’t really made a loan in over two years in [commercial real estate]. They’ve aggressively written down the loans in that area.” As banks have cleared out bad legacy loans, the broader economy has started to recover, allowing for some improvements in commercial real estate prices. The secondary debt market for real estate has also been slowly opening back up, allowing for more liquidity.
Accompanying The Street’s article was their list of the Top Ten Strongest Commercial Real Estate Lenders. The site based it’s list on a list of specific criteria, and provided insight into each of the ten banks in the ranking. According to the article, many of the banks that made the list were "relationship-oriented" banks, which means that during the escalation of CRE lending in the middle of the past decade, the institution did not write a large number of loans outside of "their natural footprint..."
The list included the following companies:
1. Valley National Bancorp
2. International Bancshares
3. Wintrust Financial
4. M&T Bank Corp
5. Umpqua Holdings
6. New York Community Bancorp
7. Fulton Financial
8. Susquehanna Bancshares
9. FirstMerit Corporation
10. Cathay General Bancorp
Please see The Street's full article for details on each of the companies above.
View the full article on The Street: Ten Well-Positioned Commercial Real Estate Lenders
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Posted by: Nina Turner