National + Finance | May 12, 2020

Connect Media has added six professionals to its Connect Creative team

Loan Slowdown Expected Following Strong Q1 Momentum

As risks to the U.S. economy from the COVID-19 pandemic emerged in mid-March, commercial real estate lending markets began to navigate a period of price discovery, according to a CBRE report. Loan closings remained at high levels in the first quarter, reflecting the strong market conditions prior to the disruption of activity as Q1 drew to a close.

The CBRE Lending Momentum Index, which tracks the pace of commercial loan closings in the U.S., reached a value of 275 in March—a 4.5% increase from its Q4 2019 close and up 15% from a year ago. With the deal pipeline slowing in April, a decline in lending momentum is anticipated in Q2.

“We expect balance sheet lenders, such as banks and life companies, along with the agencies, to continue to offer loan quotes on a selective basis,” said Brian Stoffers, CBRE’s global president of debt & structured finance for capital markets.

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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).