Lenders' Insatiable Appetite for Commercial Real Estate
Lenders Eye a Project's Location | by Cody Lyon | Lending conditions are improving even as historical loan performance trends remain mixed, explains Cody Lyon. Among other examples, Lyon cites a $35 million construction loan for RiverView Apartments in Austin made by Bank America. Jones Lang LaSalle Capital Markets' Jimmy Board tells Lyon that banks are among the sources of credit reengaging with borrowers:
It is not true at all that banks are not lending, they are just doing a lot more homework understanding the asset, surrounding area, competitive set, and supply and demand.
Read the full story at the Austin Business Journal website.