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Commercial Mortgage Lending by Banks Down 52.2% Nationwide
Commercial real estate lending has been getting tighter through 2024, closings, were down in the fourth quarter of 2023 and year end down by 52.2%.
By: Winston Rowe and Associates
Building owners that borrowed money to finance their properties are being squeezed by high interest rates and vacant offices as workers opt to work from home.
Weak demand for offices could trigger a wave of borrowers to default on their loans and put pressure on banks and other lenders, which are hoping to avoid selling loans at significant discounts.
Stricter lending standards among smaller banks are likely to slow economic growth overall.
But the commercial real estate sector, already battered by rising interest rates and half-empty office buildings, is particularly at risk.
Firms like Winston Rowe and Associates are uniquely positioned in 2024 to pick up the slack in the commercial real estate market. They are a national consulting firm with deep relationships within the commercial capital markets.
They possess an in-depth understanding of the local markets, including current trends, rental rates, and tenant requirements.
They can provide property owners with valuable insights into market demand, allowing them to position their spaces strategically and make informed decisions when it comes to the commercial real estate capital markets.
Locating a good lender to fund your commercial mortgage is not an easy task. Due to the wide range of property types, loan types and special circumstances associated with each transaction, a single lender relationship simply cannot offer a one-size-fits-
Winston Rowe and Associates has working relationships with active lenders who will accommodate your specific borrowing needs.
You may waste a considerable amount of time simply trying to find a lender that offers the loan program or parameters you need.
Many commercial real estate investors have been turning to Winston Rowe and Associates for their commercial lending needs because of their extensive network of banks and private lenders throughout the country.
Winston Rowe and Associates can be contacted online at https://www.winstonrowe.com or give them a call at 248-246-2243.
Winston Rowe and Associates