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CMBS Seen Soaring Next Year in Real Estate Lending Growth
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Commercial-property lenders are expected to loosen restrictions imposed after the 2008 credit crisis, with a jump in financing projected for next year, a survey by PricewaterhouseCoopers LLP and the Urban Land Institute shows.
The commercial mortgage-backed securities market ranks at the top of the survey for expected change in availability, according to a report to be released today. Several respondents estimated originations may exceed $100 billion in 2014, which would be more than any period except 2005 through 2007, when the market for real estate bonds surged before rising delinquencies caused demand to crash.