Meg Epstein

NASHVILLE–At a time when there’s a widely acknowledged housing shortage, why is apartment building so popular with both lenders and investors, and new condo construction so scarce? Developer Meg Epstein has some answers. She blames it partly on the lenders.

“Banks hate funding condo projects. They can’t repossess a condo project and just rent it out and wait to sell it. If it goes bust, they lose a lot of money. They are just too conservative, despite the risks not actually being that much greater than multi-family, when you factor in supply/demand,” she tells

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