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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!