Snapshot: Commercial Lending

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:

2012 Commercial Real Estate Lending Survey

This entry was posted in Commercial Real Estate, Illinois REALTOR® Magazine by Kara Kienzler. Bookmark the permalink.

About Kara Kienzler

Kara Kienzler is Webmaster/Communications Coordinator for the Illinois Association of REALTORS® (IAR). She serves as Webmaster for the IAR websites including www.illinoisrealtor.org and www.yourillinoishome.com. She is responsible for the design, layout, printing and online strategy of IAR publications including the Illinois REALTOR® magazine, e-newsletters and other publications, and assists with new releases, issues research, surveys and speechwriting. She also plans and develops content for the IAR blog at www.iarbuzz.com and coordinates the Illinois REALTOR® magazine Twitter account content at ILREALTORmag. She coordinates the Leadership Directory and serves as co-liaison to the Illinois Young Professionals Network.