You might not think of commercial banks as a prime source for longer-term loans—but seven-year terms have become common for commercial mortgages provided from the balance sheets of banks eager to lend, especially on multifamily properties. “Banks are very aggressively out there and bidding on loans,” says Michael Riccio, senior managing director for CBRE Capital Markets. Bank balance sheets have now largely healed from the financial crisis. Also, new banks regulations go ...
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