Some US banks greatly expanded their exposure to commercial real estate loans in recent months as a result of M&A transactions.
Commercial real estate (CRE) loans at US banks rose to $2.436 trillion as of March 31, up 0.54% from $2.423 trillion at the end of 2022. On a year-over-year basis, CRE loans were up 10.51%.
Among CRE loan types, only multifamily loans declined, falling to $593.09 billion as of March 31 from $598.40 billion at the end of 2022. Construction and land development loans, nonowner-occupied nonresidential property loans, and CRE loans secured by collateral other than real estate all rose from their year-end 2022 totals.
2022 was itself big for banks’ CRE lending, with loans in the segment rising 12.07% at year-end from the end of 2021.
Loading…
Source: www.spglobal.com
ENB
Sandstone Group
