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Bank commercial real estate lending continued to be a mixed bag for the industry in the second quarter. Overall, CRE lending continued its downward slide, dropping four-tenths of a percent from the first quarter and down 3.4% from a year earlier, according to data CoStar Group collected and analyzed from FDIC for the nation’s 7,522 operating banks and savings and loans.
Encouragingly, though, lending for investment and multifamily properties continued to increase modestly. Multifamily lending increased more than 1.6%. The quarterly increase outpaced the year-over-year growth of slightly more than 4%.
