Community Bankers Have Funds to Lend

Portfolio lenders are lending.  Community bankers that did not get caught up in securitizations and shoddy originations can still lend.  They can be far more selective as they have little competition and can make wonderful spreads.  It is a great day to be a Community Banker.

“The speakers stressed that they are busy with direct deals and broker deals in all property types. However, in today’s economy, not all projects are desirable. Medical arts buildings emerged as a current bright spot in the commercial real estate industry, while lending for land, hospitals, golf courses, restaurants and hotels is much more difficult. As always, in real estate, property and location are still key.”

Great quote  –  “Compared to the rest of the nation, Heilmann noted New Jersey has “the toughest breed of real estate developers and investors in the nation. They comprise the backbone of the NJ economy and will bounce back.”

See Full Article

Advertisements

Leave a comment

Filed under Finance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s