Debt financing has returned to the commercial real estate markets, de-leveraging will likely continue over the next years and the stream of distressed loans will continue to flow into the market, according to speakers on financing panels at the 2012 ULI Spring Meeting held last week in Charlotte, N.C.
At a session entitled “Full Court Press on Commercial/Apartment Debt: A Competitive Financing Debate,” Kevin Pivnick, managing director at Deutsche Bank, said that the CMBS industry is experiencing a shortage of demand, not supply.
