The people who help bankroll property deals expect commercial real estate lending to grow at a moderate pace in 2012 as South Florida’s economic recovery gradually encourages cautious businesses to expand.
“I think 2012 will be marginally better than 2011, which in turn was marginally better than 2010,” said Thomas D. Lumpkin, chairman of the board of Biscayne Bank in Miami. It has closed $28 million of commercial real estate loans this year, including the refinancing of loans “that some of our customers had with other institutions.”
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