Latest trends in commercial real estate lending
Investors - MARCH 30, 2022

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Latest trends in commercial real estate lending

by Loretta Clodfelter

Commercial real estate lenders continue to compete for loans secured by multifamily, industrial and life sciences assets, as well as data centers, said Michael Hurley, managing partner and co-chair of the commercial mortgage–backed securities practice at Cassin & Cassin LLP, in an interview with IREI. Hurley also noted it appears lenders are starting to once again get comfortable with the hospitality sector, “as we are starting to see CRE loans secured by hotels.”

Hurley added, “We are starting to see a bit more structure on some CRE loans such as active cash management, cash flow sweeps and ongoing guarantor financial covenants in response to the recent market volatility.”

Nonbank lenders continue to play a significant role in the commercial real estate lending market, said Hurley. “Life insurance companies had a record year in 2021 in respect of commercial mortgage loan originations and are off to a good start in 2022, competing with banks and agency

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