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Those projects don't have recurring cash flow and tend to be hyper cyclical, so bank lending is usually based on a repayment guaranty from a borrower with lower advance rates than a non-bank lender, Mildren says in this <b>EXCLUSIVE</b>.
By the end of 2017, investment sales volumes were in the black thanks to an end-of-the-year surge, but the impact of the slowdown at the beginning of the year suppressed growth.
According to the numbers, San Diego retail activity was down in 2017, but a closer look reveals that prices and demand are strong for well-located assets.