Every few months, the Federal Reserve Bank puts out a report called The Senior Loan Officer Opinion Survey (SLOOS).
Essentially, it’s a banker gut-check that asks how easy or hard bankers are making it for customers to get loans — for everything from homes and cars to credit cards and construction.
But there’s one category of lending that has some economists particularly worried: commercial real estate.
At one point this past summer, about 80 percent of loan officers surveyed said they’ve tightened the credit spigot on these types of deals.
We explore why that’s a problem for landlords, businesses and the entire economy.