Lead Article
»
Coping With
ConstruCtion
realities
As construction lending tightens, brokers
must realize what lenders need to see
By penny roaCh,
executive vice president of business development, The Granite Companies
Illustration: Keith Negley
As the dust starts to settle on the crash of the residential
construction industry, the construction side of the market
has felt the impact in a number of ways. The crash has
affected construction lenders’ images, their future and the
opportunities for commercial brokers to find funding for
construction loans.
But prudent construction lenders are surviving — and even
thriving. How?
To best answer that and to determine how they can work for
you, it’s wise to examine construction lenders’ responses to
the fallout, their mitigation tactics and the components that
have contributed to their survival. »
