European insurance companies and funds are increasingly filling the commercial real estate (CRE) lending gap that was left by banks. However, these firms might not be able to pick up all the slack, according to a short note this morning from Standard & Poor's.

The rating agency cited AXA Real Estate's announcement that it bought an €800 million CRE portfolio from Societe Generale. S&P had said that AXA is planning to increase its senior lending capacity to €7 billion ($9.05 billion) by yearend.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.