Aug
17

Citigroup – US Commercial Real Estate Lending Reemerging

By
– Reuters

Competition in commercial real estate lending is reemerging on the U.S. west coast, possibly marking an early sign that the financing drought that has wreaked havoc with the sector is easing, Citigroup Inc analysts said on Friday.

The lack of financing has been a chief cause of falling values on office, retail and apartment buildings since 2007, forcing sales at depressed prices. To avoid that, lenders have been busy extending or renegotiating loans, aiming to mitigate investor losses.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.reuters.com/article/bondsNews/idUSN1430571420090814
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