February 13 | New York Times

New York City Developers Find Construction Loans Easier to Get | by Julie Satow

The New York Times reports: Construction in New York slowed to a trickle in the recession, but there are finally signs that the construction loan market is coming back to life ... In the third quarter of 2012, the most recent number available, the default rate on construction loans was 9.5 percent, the lowest it has been since the end of 2008, according to Chandan Economics.

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