At the start of the Great Recession, the credit markets seized up and cash flow ground to a halt. As anyone involved with commercial real estate at the time remembers, obtaining loans to buy, or especially build, was nearly impossible. Though government agencies financed apartment activity, much of the sales activity within the commercial real estate sector ground to a halt. Even REITs and pension funds were wary of CRE investments.
What a difference five years makes.
Read more...Lenders are Back: Good News or Not?
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