Photo: Kevin Segal / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Banks told the Fed they’re pulling back on every kind of commercial real estate loan. Borrowers are pulling back too. The Federal Reserve’s October Senior Loan Officer Opinion Survey, released Nov. 2, found that banks tightened standards on net for all commercial real estate categories in the third quarter. That covers construction and land development, nonfarm nonresidential properties and multifamily. Banks also reported…
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Banks Just Tightened on Every Kind of Commercial Real Estate Loan. Borrowers Are Backing Away Too.
The Fed’s October loan officer survey finds tighter commercial real estate lending standards and weaker demand across construction, commercial and multifamily loans.
