For the first time in a long time commercial real estate professionals are feeling unbridled enthusiasm about the CMBS lending market heading into 2014. With U.S. CMBS issuance surpassing $85 billion in 2013, many industry insiders expect that lending volumes will reach the $110 to $120 billion range in 2014, while underwriting standards will remain relatively stringent. At the same time, conduit lenders have developed a healthy appetite for risk in 2013, showing a
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