According to a recent Banking Lending & Default Report by Chandan Economics, banking lending for commercial real estate transactions reached a new high in Q3.
The report, featured on Globest.com, found that multifamily and commercial real estate loans increased to $1.42 trillion during the third quarter of 2014, which is up $15.5 billion from the second quarter. This is an increase $77.4 billion year-over-year.
This is a trend within the industry for ten consecutive quarters. This level is now at an all-time high for the CRE markets nationwide.