Land Use And Entitlement Diligence For Calif. CRE Lending

By Andrew Starrels (December 12, 2017, 3:18 PM EST) -- The widespread construction boom in most California markets, especially for housing, has witnessed an accompanying boom in construction and bridge lending. In this climate, lenders and their counsel find themselves increasingly asked to evaluate and underwrite the nature of entitlement approvals for constructed or to-be-constructed development projects in California. The state's complicated web of land use regulations and sometimes overlapping jurisdictions can make that task complicated, and prone to pratfalls....

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