Mortgage Bankers Association – Continued Growth in 2012
Commercial real estate lenders are expecting to build on a very good 2011 with a stronger 2012. Barring international shocks such as a war with Iran or disruption in oil supplies, 2012 should see a loan volume in the range of $230 billion, up 17% from 2011, and continue to rise to $290 billion by 2015
“We’re in a period of stability. Everyone is talking about increasing volume. Barring a major dislocation in capital markets, it should be a strong year,” said Tom Fish, executive managing director with Jones Lang LaSalle’s Americas Real Estate Investment Banking division.
Leveraged yields are very attractive with 10 year treasuries under 2%. The CMBS market that started to trickle back in 2010 will open to secondary markets and properties.
If we manage the basics, we should be off to a very good year.
NREI Online – Conference Coverage – MBA Attendees Expect Continued Growth in 2012