Mortgage and Lending

Dallas’ Statler Hotel sells city’s incentives in unheard of bond offering

By Steve Brown and the Dallas Morning News Developers who are redoing one of downtown Dallas’ largest buildings have sold the promised city financial incentives for the project. Commerce Statler Development LLC — the company created by developer Mehrdad Moayedi to redevelop the landmark hotel — sold the tax increment finance grant the city of Dallas provided for the huge…read more →

Capital market pullback may take bite out of Dallas-area real estate boom

Via Steve Brown of the Dallas Morning News @SteveBrownDMN on twitter The real estate business runs on money. Along with new jobs and population growth, you need a lot of moolah to pay for all that construction and investment — billions and billions of dollars in North Texas. So word of a slowdown in property market funding isn’t what industry members want…read more →

Banks Take a Step Back on Construction Loans

Construction 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…read more →