Bloomberg reports: Third quarter commercial loan originations have scaled to their highest level since the last quarter of 2007. The CMBS market that provided the cheap financing at that time has since been replaced by banks, insurance firms and mortgage-financiers Fannie Mae and Freddie Mac.Despite these originations, Real Capital Analytics states that $49.8B in property transacted in the third quarter, a drop from the $58.5B transacted during the previous three months. Speculation in the market may be that prices are rising while the number of transactions may have fallen.
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