The impact of tax changes and Brexit will play a key role in foreign lending. The new tax laws in the United States can negatively affect foreign and U.S. banks that handle commercial real estate lending. The passing of Brexit may hinder some banks from operating out of Europe. However, the recent tax cuts have a high likelihood of benefiting real estate in a significant way. Tax reform has already provided a small boost for commercial real estate, and the industry is quite optimistic.
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