LosAngeles
Construction lenders have a healthy appetite for apartmentdeals. Despite the strong construction activity across the country,construction lenders feel comfortable lending on apartment deals,even with the threat of a recession coming in 2020. In fact,construction lenders are also showing a general openness toalternative multifamily products.
"We are generally seeing good appetite for multifamily, and thisseems to be a good time for construction lenders to feel reasonablysafe," Scott Choppin, founder of the UrbanPacific Group of Cos., tells GlobeSt.com. "We are allspeculating when a downturn is coming, and lenders are vacillatingbetween feeling safe and anticipating a recession. But, today, theyare producing good loan volumes."
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