Construction Financing Reappears… As Residential Real Estate Markets Rebound

Construction Financing

We all know about the market downturn that created short sales, record foreclosures, loan modifications, tougher loan requirements, bargain basement prices, a brand new industry for large institutional investors leasing single-family homes, and obviously also affected were construction projects and and associated loans.  According to this report offered by Costar.com, construction financing is back.  Perhaps not spec loan financing as many lenders took it in the shorts when highly leveraged spec builders went under as their finished inventory didn’t sell, but construction loans for a primary residence are back.  Read here for more information.

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