02.09.2011 - Commercial real estate lenders have a healthy appetite for new business
Despite the economic headlines of late, financing for commercial real estate is robust. Insurance companies are near levels that existed before the Great Recession and are lending up to 75 percent of value for multifamily and 65 percent to 70 percent of value for commercial properties. A wide variety of options are available: seven-, 10- and 20-year terms; 20- to 25-year amortizations; and nonrecourse financing for suitable transactions. Most important, lenders also are considering a wider range of transactions. Deals have closed recently that could not have been financed 12 to 18 months ago..............................................Full Article: Source
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