Net lending by banks to commercial real estate excluding farms recovered to $8.3bn in August, from $4.6bn in July. That’s in line with the average over the past year of $8.4bn. Within the total, net lending on multifamily assets saw a $2.9bn increase, more than reversing the $1.3bn contraction in July, while other commercial lending eased to $5.4bn in August from $5.8bn the previous month.
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