Conditions for financing of commercial real estate market in Europe reported an improvement in the first quarter, according to a new report. According to the study of CB Richard Ellis (CBRE) is observed during moderate increases in the maximum share of the total loan value of the project, all key European markets, the share that is financed is 65%. A key indicator of increased confidence among lenders is growing appetite for funding projects under construction, representing a segment near the beginning of languid credit crisis. That increase is still in very early stage and remains limited mainly to projects with quality requirement for signed leases for a significant part of the land. According to the company, this trend is valid mainly Britain, France and Germany. The survey is also seen significant improvement in the segment of mezzanine financing, which already works with more attractive price levels. The company said that currently there are over 100 alternative lenders who are willing to provide mezzanine financing, which is encouraging indicator that opportunistic investors will have improved access to market with a combination of debt and mezzanine financing. \"Although still at an early stage, beginning to see some signs of increased trust among the creditors,\" said Natal Dzhostra, Director Debt advice for the UK, Europe, Middle East and Africa at CBRE. \"With more and more clear prospects for the economy and rental markets and the continued shortage of quality space, which is visible in some markets, we expect that market financing for projects under construction will be strengthened, especially in Britain, Germany and France in 2010, and further markets in Europe in 2011 and beyond. \"