In terms of the commercial real estate markets, the years 2012 and 2013 are poised to hold the largest volumes of debt refinancing ever seen in the U.S.
KC Conway, executive managing director of real estate analytics at Colliers International, shared those figures during his keynote address at CU Business Group's National Business Services Conference on Tuesday in Portland, Ore.
While this presents opportunity for credit unions, Conway's advice was to proceed cautiously and do homework before jumping into these deals. He also commented on the major CRE industries, noting that manufacturing and industrial/warehouse offer solid fundamentals for lending today.
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