Commercial real estate mortgage markets navigated a difficult period in the second quarter 2020 following the onset of COVID-19, as lenders were selective in their deal and property type choices, according to CBRE.
A temporary freeze in commercial real estate lending and transaction markets beginning in mid-March through early April, resulted in fewer loan closings in the second quarter 2020. The CBRE Lending Momentum Index, which tracks the pace of commercial loan closings in the United States, reached a value of 194 in June — a 29.3 percent decrease from its first quarter 2020 close and down 20.5 percent from a year ago.
While broad liquidity was restored to the market later in the quarter an
