Despite rising inflation and heightened geopolitical risks, Q1 commercial real estate lending activity edged higher, led by alternative lenders, according to the latest research from CBRE.
The CBRE Lending Momentum Index released this week found that lending was up by 69% year-over-year and 5.5% quarter-over-quarter. It now stands 50% above its February 2020 pre-pandemic close. Lending by debt funds and mortgage REITs, in particular, have helped drive the increase.
Brian Murphy, CEO of LA-based Veleta Capital, tells GlobeSt.com that he thinks the CBRE momentum index lines up with what he's seen through Q1 and into the heart of Q2.
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