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Article: Benefits of private lending.(Banking & Finance)
- Article from:
- Real Estate Weekly
- Article date:
- January 14, 2004
- Author:
CopyrightCOPYRIGHT 2004 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Experts agree that 2004 will be a year of transition for real estate markets as both the development and financial sectors of the industry confront what appears to be a weak recovery characterized by slow job growth and increased debt loads at all levels of government.
This past year was marked by hesitancy on the part of investors and lenders, strong discipline by the development sector, and widespread indecision due to uncertain economic conditions. While capital was readily available for certain classes of real estate development, others found few sources willing and able to meet their needs. While some capital will continue to remain available to fund real ...