Lenders' Insatiable Appetite for Commercial Real Estate
The (Sorry) State of Commercial Property Construction Lending | by Sam Chandan
Sam Chandan writes: For all but the most rarified development opportunities, the business of construction lending came to an abrupt halt during the financial crisis and recession. Weighed down by the frustratingly slow pace of recovery in jobs, the outlook for new space demand has been mixed in the aftermath of the downturn. Absent a stronger outlook for absorption, and with assets trading below replacement cost in most markets, post-crisis development projects have been slow to get underway.
Read the article at the Commercial Observer website.