CBRE's Brian Stoffers, Global President, Debt & Structured Finance, and Spencer Levy, Americas Head of Research, discuss the increased use of floating-rate debt for U.S. commercial real estate transactions.
U.S. Lender Forum: Commercial Lending Surges Forward
The conditions that have supported increased liquidity for U.S. commercial real estate transactions continued to improve during Q3 2014. Yields for longer-term U.S. Treasuries fell during the quarter, while the availability of both public and private real estate mortgage debt increased. As a result, The CBRE Lending Momentum Index, which tracks U.S. Commercial loan closings, ended Q3 2014 up 5.2% quarter-over-quarter and 8.9% year-over-year.