APARTMENTS Personalised for the most demanding customers
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Overwhelming demand from developers slowed the Government’s approval process which in turn slowed
development considerably. However, the banking industry has adjusted to the new federal regulatory requirements,
improved their lending position by removing troubled loans and increasing capital and placed
themselves in a position to loan once again. Banks have become more aggressive and competition for new
loans is tremendous. Because of the strong apartment market, conventional financing for new communities
is becoming more readily available.
As the apartment market continues to improve with increasing rents
and stabilized vacancy rates, and financing becomes more readily
available, developers have moved forward with plans once put on
hold. Over the past...
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APARTMENTS Personalised for the most demanding customers
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APARTMENTS Personalised for the most demanding customers
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