SOURCE: New York Sun
Bloomberg News reported that commercial property loans increased 37% during the first quarter. The Mortgage Bankers Association gathered the data in a quarterly survey. The increase was a 37% jump in dollar volume as investment trusts were privatized and office buildings were bought and sold.
The breakdown of increases by sector is as follows:
- Commercial loan originations for office properties: +62%
- New loans for health care properties: +64%
- New loans for hotels: +37%
- New loans for apartment buildings: +26%
- New loans for retail properties: +25%
- New loans for industrial properties: +14%
You can find the original reporting from Bloomberg News and the New York Sun here >>
