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NEW YORK CITY-Manhattan commercial mortgage origination thus far in 2010 has increased for the first time since 2007, CB Richard Ellis said Wednesday. The report dovetails with results from the latest quarterly Mortgage Bankers Association survey, which similarly shows that lending for commercial and multifamily mortgages nationally is up year over year as well as quarter over quarter. Both locally and nationally, however, loan originations are still well off from peak levels.

“After the recession began, tightened standards led to a significant slowdown in lending. Today, however, lenders are increasingly competing with each other to make loans on quality assets,” says Kyle Schoppmann, senior managing director with CBRE’s New York City debt and equity finance group, in a release. “Although lending standards remain conservative compared to the height of the market, they have loosened considerably from where they were a year ago.”

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