Here’s a Quick Take from the July Illinois REALTOR® Magazine:
NAR’s 2012 Commercial Real Estate Lending Survey finds that while commercial real estate markets began to recover in 2011 and demand is expected to grow this year for all property types, tight lending standards continue to be an obstacle.
According to the survey:
- Sixty-seven percent of REALTORS® had at least one transaction fall through due to a lack of financing.
- More than half of those surveyed said lending standards are just as stringent as a year ago.
- Nearly 30 percent of transactions were completed with cash.
Find the full survey at www.realtor.org/reports/commercial-lending-survey or view here: