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Friday, November 1, 2013

Upswing in Lending for Commercial Properties

Upswing in Lending for Commercial Properties

Many U.S. banks are starting to see new growth in commercial property loans, according to research from SNL Financial, which estimated $991.2 billion in total volume as of June 30. The tally is 3.3 percent higher than at the same time last year.
 
"More banks are now on the offense — not on defense anymore — when it comes to commercial real estate," said Raymond James Financial Inc. banking analyst Anthony Polini.
Lending for apartment buildings, offices, retail centers, and industrial properties took a hit when the economy soured but is starting to pick up again now that real estate values are on the rise and credit quality is improving.

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