Maryland experiences decline in CRE lending levels during 2012, national picture remains mixed

Commercial lending fell in Maryland in 2012.

Commercial property managers in Maryland had the overall commercial real estate lending level drop during 2012 compared to the previous year.

Lending for offices, hotels and retail properties dropped 0.15 percent during 2012 compared to one year earlier, a report from SNL Financial explained. This was much lower than the national average, which showed an increase of 0.94 percent year-over-year.

Despite this drop, banks with assets between $10 billion and $50 billion experienced growth in loans of more than 7.3 percent nationally, SNL Financial associates wrote in an article for the ABA Banking Journal. The delinquency rate for this category was less than 2.8 percent.

The largest banks still had a national decline of close to 3.3 percent, the report explained. Delinquencies for this bank type were higher than any other, with a rate of 3.65 percent.

Overall lending last year may be leading to improvements in construction this year. Nonresidential construction rose to a rate of $309.6 billion in February, according to a report from the Department of Commerce. This was 0.4 percent higher than the month before.

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