Keith Largay, Senior Vice President, Capital Markets #1

With LIBOR and Treasuries at near historic lows, lenders are meeting the market with attractive loan pricing. Jones Lang LaSalle’s Keith Largay points to the big moves lenders are making in loan pricing that has come in to the tune of 150 to 200 bps for CMBS, with life companies at sub 3.5% for 10-year product and banks are competing aggressively for stabilized product. While loan pricing is attractive, there is still $59 billion of CMBS maturities hanging over the commercial real estate industry this year.