By Scott Baltic, Contributing Editor<\/i><\/p>\n
Banks and life insurance companies are the preferred lenders for commercial real estate borrowers, who are likely to increase their overall borrowings this year, according to a new survey by the CRE Finance Council, the results of which were released last Friday.<\/p>\n
About one-third each of the nearly 100 respondents represented institutional owners\/fund managers and owner-operators. REITs represented nearly one in five respondents.<\/p>\n
This survey was a revised version of a study conducted in 2006, but going forward CREFC intends to conduct this survey annually.<\/p>\n
Across almost all dollar ranges (the exceptions being $25\u2013$50 million and $250\u2013$500 million), commercial banks are willing to do larger loans and are the leading source of funding for survey participants. In the $50\u2013$250 million range, the report stated, \u201cparticipants are going to commercial banks with more than double the frequency of CMBS.\u201d<\/p>\n
It\u2019s no surprise, then, that 43 percent of respondents indicated that they will target commercial banks for funding this year, a margin of 2:1 over other lender types. Life insurance companies were the second-leading option.<\/p>\n
In other findings:<\/p>\n
Banks and life insurance companies are the preferred lenders for commercial real estate borrowers, who are likely to increase their overall borrowings this year, according to a new survey by the CRE Finance Council.<\/p>\n","protected":false},"author":882,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,37753,21742],"tags":[],"class_list":["post-1004090704","post","type-post","status-publish","format-standard","hentry","category-finance","category-research-center-finance","category-latest"],"acf":[],"yoast_head":"\n