Lenders' Insatiable Appetite for Commercial Real Estate
Nontraditional Lenders Gain Multifamily Market Share | by Susan Piperato | As apartment fundamentals continue to strengthen, a broad range of lenders is reengaging with investors in support of property sales and new construction. NREI Managing Editor Susan Piperato writes:
In a report from Chandan Economics, which examined the 600 banks that hold the largest apartment lending exposures, 278 of these banks increased their net exposure to the apartment sector in the second quarter. On average, these banks increased their apartment loan balances by just under $22 million. “That is not an insignificant number given the previous declines,” says Chandan, adding that 35 banks increased their apartment balances by $50 million or more.
Read the full story at the National Real Estate Investor website.
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