CRE Bank Lending Reaches $1.4T in Q3


Banking lending for commercial real estate transactions has reached new heights in Q3, according to Chandan Economic’s Banking Lending & Default Report. Namely, it found that multifamily and commercial real estate loans held on bank balance sheets increased to $1.42 trillion during Q3 2014, up $15.5 billion from the prior quarter and up by $77.4 billion from a year earlier.

Bank lending against multifamily and commercial real estate has been rising for ten consecutive quarters and has now reached an all-time high with this latest quarter. It is 9% above the pre-financial crisis peak of $1.31 trillion.

Construction finance’s recovery is one sobering note from the report: it has been rising for six consecutive quarters, but it is still down more than 60% from its pre-financial crisis peak.


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