Leading commercial real estate lenders expect loan volume in 2015 to top 2014, driven by refinancing of maturing debt and strong market fundamentals.

In the near term, however, Congress’s failure to extend the Terrorism Risk Insurance Act beyond Dec. 31, 2014 could chill transactions, according to a survey of Commercial Real Estate Finance Council members released on Monday.  TRIA provides a federal backstop against potential losses from terrorist attacks.

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