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Robert Slatt Slatt says new projects can still secure debt at reasonable rates no longer available from traditional banks.

SAN FRANCISCO—Commercial mortgage lending continues to be healthy in 2017, with rates remaining at historic lows compared to the projected increases anticipated earlier this year, according to Robert Slatt, principal with commercial mortgage banking firm, Newmark. As traditional banks adjust to the new federal high-volatility commercial real estate/HVCRE banking regulations, construction financing from life insurers, pension funds and other non-banking institutional sources is on the rise. These loans spread the risk of new construction for extended terms, ensuring new projects can still secure debt at the reasonable rates no longer available from traditional banks, he says.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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