Commercial real estate lending activity, prior to the onset of the pandemic, remained prosperous among life insurers, banks, the GSEs and other alternative providers, such as REITs and debt funds. Driven primarily by strong commercial real estate and economic fundamentals, this activity remained robust up until early-2020, when the COVID-19 pandemic hit.
According to a CBRE index, commercial real estate loan closings declined nearly 21% year-over-year in Q2 2020, as a result of the temporary, pandemic-related freeze in lending and transaction markets between mid-March and early-April.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
