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.”

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