Banks Take a Step Back on Construction Loans

construction-money-tsConstruction lending is on the rise as development pipelines continue to expand across commercial and multifamily markets. Yet borrowers are working harder to access that capital.

The volume of commercial and multifamily construction loans put in place in January reached $311.3 billion based on total project value. That represents a 14.3 percent increase year-over-year and a 40.7 percent increase compared to January 2014, according to the Mortgage Bankers Association’s Commercial/Multifamily Quarterly Databook for fourth quarter 2015. Read More >