While the commercial real estate lending market experienced a slowdown in the first quarter, it was primarily influenced by market conditions in the third and fourth quarters of 2023, according to a new report from CBRE on Q1 lending.
"Looking forward, we are seeing an uptick in activity, particularly driven by institutional investors seeking to recycle capital, with a notable increase in BOV (broker opinion of value) activity and financings over $100 million," James Millon, U.S. President of Debt & Structured Finance for CBRE said in prepared remarks.
CBRE's Q1 2024 lending volume increased compared to the same period in 2023. "With investment sales down, we are seeing a shift towards hard maturity refinancings, construction loans, and bridge lending, which is expected to continue until there is consensus on rate cuts," Millon added.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
