A Year Like No Other in Commercial Real Estate Finance
May 2, 2023 | Cathy Cunningham | Commercial Observer
Last year started off with a bang.
Riding high on a record year for most, lenders rang in 2022 with Gatsby-style swagger and champagne.
Entering the second quarter with a spring still in their steps, they popped out loans like hens do eggs, while borrowers were nestled deep in their comfortable nest of cheep — er, cheap — cash.
Little did they know, a fox in the form of the Federal Reserve was fast approaching the hen house, and feathers were about to fly.
