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Commercial Real Estate Lending Falls for First Time Since 2021

Sunday, Jul 23 2023
Commercial Lending
Written by  The Mortgage Leader

The commercial real estate slowdown has taken a bite out of lending. So reports Markets Insider.

arrow down icon 157360 1280According to Refinitiv data cited by Capital Economics, outstanding commercial real estate debt fell to $5.44 trillion in June, the first drop in since 2021.

Capital Economics assistant property economist Charlie Cornes said that CRE lending will probably “remain weak in the second half of 2023.”

Read the full article from Markets Insider.

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