German Banks Curb RE Financing, Leaving A Void In The US

Law360, New York (July 3, 2012, 9:53 PM EDT) -- An important source of funding for U.S. real estate developers may be disappearing as German banks cut noncore lending operations from their struggling balance sheets, leaving a void domestic lenders aren't in a position to fill, particularly for projects outside the safe Class A office sector.

In recent weeks, several of Germany's largest lenders have announced plans to scale back real estate lending in the U.S. as part of their broader liquidation strategies, leading some experts to predict a new wave of cutbacks that could impact...
To view the full article, register now.