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- Commercial real estate lending is in a "logjam," according to the Mortgage Bankers Association.
- Commercial lending plummeted 53% in the second quarter compared to last year.
- Experts have warned of trouble in the sector as demand falls and banks pull back on lending.
Commercial real estate lending more than halved last quarter, attesting to the growing financial pressures that are weighing on the market.
Commercial and multifamily real estate mortgage loan originations were down 53% in the second quarter compared to a year ago, according to the Mortgage Bankers Association, though they were up 23% from the first quarter.