Personally I've helped finance a few commercial transactions; from a hospital building to a rug store. It's interested to see how each lender has their own set of criteria. Although one might think that they all should use the same system of underwriting -- you would assume wrong.
During the economic difficulty we experience today, it's become no where so profound as the developers ability to borrower money. Tampa Bay Business Journal discusses this relationship. They coin a great saying, "Oh, what a difference a recession makes..."
Tuesday, September 8, 2009
The love-hate relationship with bankers and developers
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