With the new year upon us, I thought I’d use my podcast this month to examine what’s in store for the commercial real estate industry in 2012. In the coming year, REALTORS® will be working on key issues such as easing the contraction in small-business lending, bridging an equity gap, and increasing bank liquidity. You can be sure that finding solutions to these issues is a priority for NAR and will go a long way toward setting the industry on a path for growth.
business lending
Latest Commercial Advocacy Efforts
NAR has issued letters in support of covered bond legislation, credit union business lending, and most recently the Common Sense Recovery Act of 2011. These pieces of legislation have the potential to increase commercial financing and positively impact the market while helping you close commercial deals.
Small Business Lending Bill Advances to Senate Floor
NAR is urging the Senate to OK legislation that would create a $30 billion small business loan fund. NAR also wants the bill to allow credit unions to increase loans to commercial real estate. Similar legislation has passed the house but Senate prospects are unclear. For more information, contact Vijay Yadlapati at 202-383-1090 or vyadlapati@realtors.org.