US RE lending bounces back in Q2, surpasses 2015 levels

Banks jump in for cautious CMBS lenders

TRD NEW YORK /
Aug.August 19, 2016 03:44 PM

Commercial real estate lending volumes bounced back from their winter slump in the second quarter and even surpassed 2015 levels.

U.S. loan origination volumes grew 5.7 percent year-over-year, CBRE reported. CMBS lending volume is down significantly from last year amid lackluster bond markets and looming risk-retention rule changes, but banks jumped into the fold, the Commercial Observer reported. They increased their share of U.S. commercial real estate lending to 49 percent, CBRE noted, compared to 10 percent for CMBS shops.

CMBS lending fell to $31 billion in the first six months of the year, down from $54.4 billion a year earlier.

“While we remain cautiously optimistic, investors should prepare for additional volatility as the Federal Reserve contemplates potential rate hikes later this year and the CMBS market will have to cope with rising levels of loan maturities and risk-retention issues,” said Brian Stoffers, who head’s CBRE’s TRData LogoTINY debt and financing division. [CO]Konrad Putzier


Related Articles

arrow_forward_ios
(Illustration by Daniel Castro Maia)

Why real estate is still tangled up with the mob

Paul Massey’s B6 Real Estate hit with layoffs

Paul Massey’s B6 Real Estate hit with layoffs

Judge Janet DiFiore and Judge Rowan Wilson (Credit: iStock, New York State Courts)

High court decision has tenants stewing, landlords oohing

Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Charles and Jared Kushner and 229 West 43rd Street (Credit: Getty Images and Google Maps) 

Pandemic may finally push Kushner Cos’ Times Square retail space into default

US Federal Reserve Chairman Jerome Powell (Credit: ERIC BARADAT/AFP via Getty Images)

Fed plans major commercial mortgage buyback

arrow_forward_ios
Loading...