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smeagolsfree

Commercial Lending crunch

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From Richard Lawson in the City Paper today.

Looks as if many projects will have to wait if waht is said here is true. If a developer has to put 20% down, then it may be dead around here and in many parts of the country for any large new developments. Only the developers with a lot of cash on hand or with cash happy investment partners may be able to get projects going.

http://nashvillecitypaper.com/news.php?viewStory=58797

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From Richard Lawson in the City Paper today.

Looks as if many projects will have to wait if waht is said here is true. If a developer has to put 20% down, then it may be dead around here and in many parts of the country for any large new developments. Only the developers with a lot of cash on hand or with cash happy investment partners may be able to get projects going.

http://nashvillecitypaper.com/news.php?viewStory=58797

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