What bank tightening in the construction financing market means for developers.
Over the last few years, the flow of commercial construction loans has slowed as bank lenders – traditionally the primary source of construction capital – have taken a step back to comply with recent regulations and protect against a potentially overheated market.
Michael Stimler joined Greysteel in April 2017 as Senior Investment Associate and founding member of the New York Investment Sales division. Michael is focused on arranging sales and financing for private client, middle market, and institutional multifamily properties throughout Greater New York City. Interested in learning more about Michael? Read on!
Greysteel's Debt & Structured Finance team in the Dallas-Fort Worth office will begin regularly hosting Q&A sessions about commercial real estate financing (as well as related questions) on Facebook Live. Interactive. Unscripted. Uncut.
This year at NMHC’s 2017 Annual Meeting, there was a mixture of optimism and caution with respect to the outlook for our industry. The biggest economic concern was the looming threat of another recession, but many panelists and researchers have pushed that possibility to the side in favor of economic growth. Inflation is not increasing by double digits and interest rates are still historically low.
It was late December, 2015. I had been with Greysteel for three months at that point, and already I felt like I had a to-do list that would take me longer to read through than a Saturday visit to the DMV. I was sitting at my desk, staring at a blank Microsoft Word document, attempting to organize my thoughts on Greysteel’s 2016 marketing strategy and goals. It was late, I was tired, and that damn blinking cursor on the screen was relentlessly taunting me. My thoughts began to wander and I started to ask myself what really mattered. Sponsorships? Events? Press releases? Media coverage? Swag for conferences? Gifts for clients? Wait a second…