True, many banks are still working through their distressed property pipeline, but many have recently decided that it’s time to jump back into commercial lending, and yes, even for development and construction financing. It must be noted though that this is one area that brought down more banks during the downturn than any other. The banks who have gotten back in see multifamily and owner occupied properties as preferred targets.
I’ve written about this a number of times over the three or four months so what I’m going to do below is link you to a number of quotes that Mark Heschmeyer of CoStar News has collected recently when he asked CoStar subscribers for opinions. Pardon the brevity, but this one isn’t about my opinion.