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Commercial Mortgage Benchmark Tumbles 52.2%

According to new data from CBRE, commercial mortgage lending has kept losing steam in recent months. So reports GlobeSt.com.

CBREThe CBRE Lending Momentum Index, a measure of the rate of commercial loan closings originated or brokered, was under 200 in the second quarter—down 52.2% from a year before and off 5.4% from the first quarter.

The index, where a value of 100 represents 2005 averages, is near its lowest since 2016.

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