National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Alternative Lenders Set the Pace as CRE Mortgage Volume Increases
Commercial lending markets strengthened in the second quarter, mirroring the wider economic recovery, with borrowers’ growing risk appetite fueling increased demand for transitional financing, such as bridge loans, CBRE reported.
The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., remained strong at the mid-year point, reaching a value of 256—up 10.8% from the March 2021 reading and now just 1.8% below its February 2020 pre-pandemic close.
Compared with a year ago when lending activity fell sharply due to the COVID-19 pandemic, the index is up by 47.3%. The most recent index low was last September’s reading of 1260.
“Alternative lenders led Q2 non-agency commercial mortgage origination activity,” said Brian Stoffers, global president of debt & structured finance for capital markets at CBRE. “Regional banks and life companies provided competitive quotes, while CMBS loan origination activity improved.”
- ◦Financing
