Construction Dive | The construction lending challenge – Why winning projects have to ‘check all the boxes’

The flow of commercial construction loans has hit a hurdle nationwide.
Closed loans in 2016 totaled $491 billion, representing a 3% decline from 2015, according to the Mortgage Bankers Association. While 2016 still saw the third-highest lending activity since the association began keeping track, the pullback is sure to have some commercial developers watching from the sidelines and wondering if they’ll be able to secure the necessary funds for their projects.

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