NORWALK, CT-One of the world's largest investors in real estate, GE Capital, is planning to ramp up its lending this year as demand increases and costs rise in the CMBS market.
The locally based unit of General Electric Co. intends to increase lending by 40% as compared to last year and has a goal of approximately $7 billion in North American real estate loans, according to Alec Burger, North America president of GE Capital Real Estate.
“Liquidity has come back into the commercial real estate space with a vengeance,” Burger says. “That's both on the equity and the debt side. We're getting back to healthy, normalized amounts of deal flow.” See story at Bloomberg News.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
