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CRE Lending Momentum Remains Strong Through Q4

The CBRE Lending Momentum Index, tracking the pace of U.S. commercial loan closings, reached a value of 263 in December 2019, virtually unchanged from its third-quarter 2019 close and up 4.2% from a year ago. CBRE attributed this to the Federal Reserve’s interest rate reductions, combined with continued economic growth.

“A favorable capital markets environment for real estate continued to support strong commercial lending activity into year-end,” said CBRE’s Brian Stoffers. “Alternative lenders should remain a plentiful source of lending capital in 2020, particularly for bridge and construction loans.”

He added, “The multifamily agency market also posted a record year in 2019 with volume totaling $148.5 billion. The agencies will have almost $80 billion each to deploy in 2020.”

CBRE’s lender survey indicates that alternative lenders (including REITs, finance companies and debt funds) accounted for 41% of Q4 non-agency volume, up from 29% in Q3 and 29% a year earlier.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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