A recent Federal Reserve survey indicates that while demand for business loans increased, commercial real estate (CRE) lending encountered tighter credit conditions in late 2024. Lending Standards Tighten The Federal Reserve’s latest Senior Loan Officer Opinion Survey (SLOOS) revealed that a modest net share of banks tightened credit standards for construction, land development, and nonfarm…

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U.S. multifamily rents remained steady in April, rising $5 to $1,736, a modest 0.9% YoY increase. Demand held up despite a wave of new supply, driven by a strong job market and unaffordable home prices. The Renter-by-Necessity segment led growth at 2.1% YoY. Occupancy dipped to 94.4%, its lowest since 2013, with Sun Belt metros…

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Despite a prolonged downturn in capital raising, core real estate investments reached record levels in 2024. Fundraising Slows: Commercial real estate (CRE) fundraising in North America fell to $80 billion in 2024, marking the third straight year of declines and hitting its lowest level since 2016. This represents a significant drop from the $155 billion…

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The multifamily housing sector is off to a difficult start in 2025, as revealed by the January 2025 NMHC Quarterly Survey of Apartment Market Conditions. Key Findings The survey’s four primary indices—Market Tightness (40), Sales Volume (41), Equity Financing (48), and Debt Financing (32)—all fell below the neutral benchmark of 50, signaling deteriorating conditions in…

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Two years after regional banking volatility rocked the sector, banks are quietly offloading problematic commercial real estate loans originated during the low-rate boom—clearing the decks and tightening the reins. Portfolio cleanup underway: Regional banks are actively working out and writing down underperforming loans—especially those inked during the ultra-low interest rate cycle. Trepp data shows this…

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According to the latest analysis from MSCI, the commercial real estate (CRE) market in 2025 remains under pressure as underwater loans and distressed assets present significant challenges. Loans at Risk Among the $500 billion in CRE loans set to mature this year, 14% are classified as underwater, where the outstanding loan balance exceeds the asset’s…

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“In 2024, SBA 504 approvals topped $6 billion — the highest in history.” With interest rates rising and commercial loan options tightening, smart business owners aren’t sitting on the sidelines. They’re locking in long-term, fixed-rate financing while they still can — and the SBA 504 loan is leading the charge. At our commercial real estate…

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Here are eight key areas where policy shifts might be felt: 1. Opportunity Zones Revival The Opportunity Zone (OZ) program, which has driven over $75 billion in investments since its inception in 2017, could see renewed attention. Trump has proposed extending the program beyond its 2026 expiration and potentially expanding its scope. Investors are already…

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Commercial real estate lending gained strong momentum in the final quarter of 2024, fueled by solid market fundamentals, a surge in maturing debt, and ample capital availability. Lending Activity Surges The CBRE Lending Momentum Index climbed 21% from Q3 and 37% year-over-year, closing the quarter at 259, well above the pre-pandemic five-year average of 229.…

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Commercial real estate (CRE) owners hoping for relief from elevated borrowing costs may find themselves disappointed. Interest rates remain high, with little indication of a swift decline. Key Figures: The 10-year Treasury yield, a primary benchmark for CRE debt, has climbed by 100 basis points since the Federal Reserve began easing monetary policy in September 2024.…

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