May 31 | GlobeSt

Waiting for the Overdue Construction Finance Comeback | by Erika Morphy

GlobeSt writes: We reported this morning that SunTrust Bank provided a $112 million loan to California State Teachers’ Retirement System for Lincoln Place. JLL's Wes Boatright, who was on the team that brokered the loan, explained why banks like SunTrust were moving away from construction financing, or at least diversifying their lending operations.