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DLA Survey Says Credit Crunch Affecting Deals

CHICAGO-DLA Piper's survey found 63% have had transactions delayed or canceled and nearly 49% have had lenders change loan terms before closing.

By Gina Kenny | Updated on October 11, 2007

(Read more on the debt and equity markets.)

CHICAGO-The majority of commercial real estate professionals have a bearish outlook on the commercial real estate industry and more than half have had transactions affected since the “credit crunch,” according to a study by DLA Piper that is being released today. The company, based here, conducts an annual “State of the Market” survey but conducted an additional survey this year to find out if, and how, the subprime mortgage crisis has affected real estate professionals. The survey was conducted by emailing questions to 2,500 top executives within the real estate industry.

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