Excerpts from Article: “A new era of more stringent underwriting by banks and other lenders combined with greater diversity in sources of commercial real estate capital has helped ignite a rush of confidence among CRE executives, according to the 6th annual Akerman U.S. Real Estate Industry Outlook Survey released Wednesday.”
“The survey indicates that nearly 60% of real estate executives are more optimistic about the market this year than they were in 2014…”
“…banks will drive commercial property financing over the coming year, and for the first time since 2011, they indicated that insurance companies will also be a main source of real estate financing.”
“Executives said the single-family homebuilding market will be the second most active real estate sector at 10%, followed by hospitality, retail, industrial and office.”
Citation and Link: Drummer, Randyl. 3 Jun 2015. “Reasons To Be Cheerful: Banks, Insurers Driving More Disciplined CRE Lending Market (So Far)” Costar News. 4 Jun 2015. http://www.costar.com/News/Article/Reasons-To-Be-Cheerful-Banks-Insurers-Driving-More-Disciplined-CRE-Lending-Market-So-Far/172195
Picture Citation and Link: “Reasons To Be Cheerful: Banks, Insurers Driving More Disciplined CRE Lending Market (So Far)” 2015. “www.Costar.com.” 4 Jun 2015. http://www.costar.com/News/Article/Reasons-To-Be-Cheerful-Banks-Insurers-Driving-More-Disciplined-CRE-Lending-Market-So-Far/172195