Loans for Commercial Properties Jump 37%
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Loans to buy and refinance commercial properties jumped 37% by dollar volume in the first quarter as real estate investment trusts were privatized and office buildings were sold or refinanced, a quarterly survey by the Mortgage Bankers Association said.
Commercial loan originations for office properties, the largest sector, climbed 62%. New loans rose 64% for health care properties, 37% for hotels, 26% for apartment buildings, 25% for retail properties and 14% for industrial properties, the survey said.
