It has been reported that Nationwide will close its commercial property lending business as the UK’s biggest building society sees a fall in profit. Compared to its profits of £802 million in the six-month period to the end of September last year,... Read More
Defaults among commercial property lenders in the UK hit record-high levels in 2013. And rising values, coupled with improving economic conditions, encouraged banks to get tough on delinquent borrowers. The number of loans in default increased by 13... Read More
The results of a survey conducted by De Montfort University indicate that UK commercial property investors may be facing a £92 billion funding gap. About half of the £198 billion in bank loans may be "unrefinanceable on terms available in today's... Read More
The commercial property market has not been immune to the effects of the foreclosure crisis. Years after the real estate boom went bust, Southwest Florida has seen some multimillion dollar commercial foreclosures in Lee and Collier counties. While there... Read More
The Mortgage Bankers Association (MBA) is projecting a double-digit increase in lending in US commercial real estate mortgages over 2012. This works out to $254 billion in loans. Analysts are predicting the momentum to continue throughout the rest of... Read More
