Seventy-five percent of nationwide commercial real estate lenders expect the capital markets to recover in 2008, while the remaining 25% think it will take at least a year for capital markets to function "more normally," according to a new survey by Chicago-based Jones Lang LaSalle Inc (JLL). Released during MBA's 2008 Commercial Real Estate Finance (CREF)/Multifamily Housing Convention in Orlando, FL, in February, Jones Lang LaSalle's 2008 Loan Production Outlook survey further revealed that 85% of commercial mortgage-backed securities lenders expect the market to recover within six months. Among other survey findings was that, on average, life company respondents expect roughly 70% of their loans to be fixed-income and 30% to be floating, said JLL.
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