Acquisition financing in the industrial and multifamily sectors, reduced credit spreads, and the growing demand for large-scale data center construction loans drove improvement in the commercial real estate lending market in the second quarter of 2024, CBRE said in its quarterly U.S. Capital Markets and Lending report.
"Commercial real estate origination volumes and general activity levels are steadily picking up across all capital sources except for the commercial banks," James Millon, U.S. President of debt & structured finance for CBRE told GlobeSt. in an emailed statement. "Bottoming of real estate values and the prospects of rate cuts should drive even greater origination activity for the remainder of the year and in 2025."
CBRE'S Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., edged up quarter-on-quarter, for the first time in over a year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.