The Federal Reserve reported that “significant net shares” of respondents to its latest Senior Loan Office Opinion Survey had tightened their standards on commercial real estate lending during 2024’s first quarter. That said, most banks surveyed left their standards basically unchanged quarter-over-quarter for each of three CRE loan types, and Reuters reported that the share of banks that had tightened their standards was the lowest in two years.
“Meanwhile, a moderate net share of banks reported weaker demand for construction and land development loans, while significant net shares of banks reported weaker demand for loans secured by nonfarm nonresidential and multifamily residential properties,” reported the Fed.
Like domestic banks, a significant net share of foreign banks reported tighter standards for CRE loans in Q1. However, the Fed reported, “in contrast to domestic banks, a modest net share of foreign banks reported stronger demand for CRE loans over the first quarter.”
The post Fed’s Loan Officer Survey: CRE Lending Standards Are Largely Status Quo appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
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