Banking lending for commercial real estate transactions has reached new heights in Q3, according to Chandan Economic's Banking Lending & Default Report. Namely, it found that multifamily and commercial real estate loans held on bank balance sheets increased to $1.42 trillion during Q3 2014, up $15.5 billion from the prior quarter and up by $77.4 billion from a year earlier.
Bank lending against multifamily and commercial real estate has been rising for ten consecutive quarters and has now reached an all-time high with this latest quarter. It is 9% above the pre-financial crisis peak of $1.31 trillion.
Read more...CRE Bank Lending Reaches $1.4T in Q3 - Daily News Article - GlobeSt.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.