Modest economic growth keeps commercial real estate on the road to recovery.
by Mark Vitner
The commercial real estate recovery continues to build momentum. A torrent of equity capital has been raised to purchase commercial properties and loans. Lenders continue to come back to the market, loans are being refinanced, purchased, and restructured, and the underlying fundamentals continue to improve.
While current market conditions are encouraging, concerns still abound about the mountain of loans coming due over the next few years, particularly those done at the top of the last cycle. The commercial mortgage–backed securities market also largely remains on the sidelines, although credit is gradually improving in that market as loans are restructured and sold.
Read more...Market Momentum | CCIM Institute