Estimated reading time: 0 minutes, 22 seconds

Commercial Mortgage Benchmark Tumbles 52.2%

Saturday, Aug 19 2023
Commercial Lending
Written by  The Mortgage Leader

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.

Read the full article from GlobeSt.com.

Read 883 times
Rate this item
(0 votes)
More in this category: « Floating Rate Borrowers Face Mounting Pressure Real Estate Investors Keep Buying Single-Family Homes »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline