An article in FT today really hit nail on head; we as a Banking & Real Estate Finance department agree that the nature of lenders who instruct us as lawyers on commercial property refinance or lend to our borrower clients are from a much wider market than pre-crisis lending.
A quarter of the new financing last year came from non-bank lenders, in a marked shift from the pre-crisis lending landscape, in which banks were heavily exposed to highly-valued real estate assets.
http://www.ft.com/cms/s/0/9f912442-20f6-11e6-aa98-db1e01fabc0c.html#axzz49aYtWcRh
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