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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.


By Jason W. Armstrong


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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