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No bills to build: The construction lending environment is tighter than ever

Anchin in the NewsFebruary 9, 2017

This article was published by The Real Deal.

No bills to build: The construction lending environment is tighter than ever

Anchin Construction and Development Forum panelists on how unwelcoming the market is to newcomers:

If you’re a newbie developer looking for financing to build in New York, fuggedaboutit. But uncertainty over a key financing program and a major tax incentive has made it very tricky for even seasoned players to fill out their capital stacks.

Much of the tightness springs from the precarious futures of EB-5 and 421a and the increased conservatism of traditional lenders, panelists said at Anchin, Block & Anchin’s Construction & Development Forum on Thursday.

Read the complete article in The Real Deal.

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