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28 May 2012

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Property lending, development, mezzanine starts to pick up - CBRE

Bank lending to commercial property is beginning to recover, according to a report by realtor CB Richard Ellis. In first quarter, banks boosted loan to value to 65% or above and showed a growing appetite for development finance, its latest Capital Markets Report says. More than 100 alternative lenders are prepared to lend mezzanine finance too. CBRE's Natale Giostra commented: "Whilst still in its infancy, we are starting to see some signs of growing lender confidence. (See upcoming PIE Editions for full story)

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