Commercial real estate lending off 54% in U.S.
In the third quarter, overall U.S. commercial mortgage lending plummeted 54%, the Mortgage Bankers Association said. The sharpest drop was in loans for shopping centers and malls, with a 62% decline. Lending for offices fell 46%. The dollar volume of loans for hotels was off 46%.
Bloomberg | 11/05
This story published in Real Estate Investment SmartBrief on 11/06/2009
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