North American Lenders Scale Back Activity in UK CRE Market

North American lenders provided $4.2 billion in new credit toward British commercial property transactions in 2016 – a 56 percent reduction from the 2015, according to Bloomberg (citing a De Montfort University survey). New loan volume overall fell by 17 percent in 2016 to 44.5 billion pounds with 48 percent of CRE debt secured against properties in central London – the highest proportion in at least 12 years, according to the report.

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