Real Estate/Development
Mar. 17, 2012
Spec real estate lending returns with obstacles
Speculative real estate lending is making a slow comeback and lawyers are finding such deals more difficult because of the tighter financial market.
Daily Journal Staff Writer
When the real estate and financial markets nosedived four years ago, banks' willingness to engage in lending for new speculative developments - funding based on projected details of a project on paper - all but dried up.
Now such loans are slowly beginning to trickle back into the market as lawyers negotiate to resurrect shelved projects and broker deals for which banks are agreeing to &quo...
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