The lending market may be starting to thaw.
The number of loan applications has risen over recent weeks, which is a hopeful sign closings could increase toward the end of the year, according to the latest research from CBRE.
Another sign that the market may be starting to move: alternative lenders, which includes REITs, finance companies and debt funds, accounted for 34% of loan volume in Q3 2020, according to CBRE. These capital sources, which did minimal lending in Q2, closed a variety of multifamily and retail bridge and construction deals during Q3 2020.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
