“These numbers show that local and regional banks and credit unions remain competitive and optimistic about post-COVID CREs,” he said. Karl Streck, CEO of MountainSeed. “Because local lenders are close to assets and their local markets, they can move faster and be more competitive than much larger lenders, and the numbers show that.”
Despite the strong overall trajectory, lenders are still hesitant about certain asset classes. Lending to retail and office space is forecast to decline slightly from the same period last year, while lending to the hotel industry is expected to grow 100% from the pandemic low. This indicates that lenders are confident in a return to tourism / travel, but remain concerned about the long-term impact on office and retail space due to continued work from home and the impact of online shopping on future trade transactions.
If you would like to learn more about MountainSeed Analytics or the Commercial Real Estate Data Index (CREDI), please contact us at [email protected] or visit us on the Internet at www.mountainseed.com
MountainSeed is a trusted partner of nearly 10% of US public banks and credit unions, spanning all 50 states. With its services in commercial valuation management, data processing solutions, debt brokerage and all credit trading, the company achieves an average of $ 5 billion in commercial real estate every month. MountainSeed ranked second among the fastest growing private commercial real estate companies in Atlanta in 2021 Atlanta Business Chronicle Pacesetter Awards and was recently listed as Inc’s 5000 Fastest Growing Private Enterprises in the United States.
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