The CBRE Lending Momentum Index, tracking the pace of commercial loan closings in the U.S., reached a value of 194 in June—a 29.3% decrease from its first-quarter close and down 20.5% from a year ago. A temporary freeze in commercial real estate lending from mid-March through early April meant fewer loan closings in Q2. Broad liquidity was restored later in Q2, while multifamily agency and certain…
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