Sep
23

After Repairing CRE Damage, Many Banks Re-Entering Lending Arena

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While commercial real estate continues to burden the nation’s 7,522 banks and thrifts that reported results to the FDIC as of June 30, the severity of the CRE-related impairment is gradually decreasing and lending is on the increase.

Overall, banks continued to scale back the total amount of commercial real estate loans on their books. However, most of the drop came from loans for construction and development activities. Banks actually increased lending for multifamily projects over the first quarter by about $1.4 billion.

Significantly too, half the nation’s banks boosted their lending on nonresidential and multifamily properties by $50 million or more in the second quarter of the year.

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