Feeling the market get shaken while some big money gets ready for distressed property fire sales? Wondering how a refi can possibly work when interest rates are multiple percentage points higher than they were months ago and leverage has come stumbling back to earth?

Sometimes data from the near past finally catches up to reality of the all too present. That’s the sense coming from the Federal Reserve’s October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices. Bank loan demand was down over the immediate three months for firms of all size and for all CRE categories, while bank lending standards have gotten tighter.

Erik Sherman

 

GlobeSt

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