From the July issue: Perhaps
I was dreaming that banks, insurance companies and other lenders were
all offering financing for commercial real estate. Yet it was not a
dream; it was taking place in front of my eyes: Last month, more than
25 lenders participating in my symposium, “The Money Summit,” announced
they were interested in making loans on real estate. Richard Coppola,
managing director of TIAA-CREF, complained, “the phones are not
ringing; we are not seeing enough transactions.” That’s a problem
because the insurance giant hopes to increase loan production by at
least 50 to 75 percent this year nationwide. Even investment banks
appear ready to dive back into real estate. [more]
