Foreign Firms Filling Lending Gap As US Banks Hold Back

Law360, Minneapolis (March 3, 2017, 1:45 PM EST) -- Because U.S. banks have pulled back on construction lending for commercial real estate due to increased regulation, condo project developers in particular are having to cast a global net in search of financing — and are finding more favorable terms from foreign lenders than they'd get at home.

Domestic banks have been hesitant to make construction loans for fear such loans might trigger a requirement under Basel III to have more capital on the books, although banks are awaiting potential deregulation from President Donald Trump and may again ramp up their lending should Trump deregulate the industry.

That temporary lull in lending...

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