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WASHINGTON, DC-Twenty-four to 12 months ago, Cassidy Turley’s construction finance shop was all but idle, with only a few deals working their way through its pipeline. Despite the uneven progress of the recovery, both debt and equity have returned to the market, including for condo construction. About the only product type that financiers still shy away from, presuming there are even developers to take the risk, is spec office, David Webb tells GlobeSt.com. 

Three, four months ago lenders’ attitude and appetite for construction loans changed almost overnight, he says. “Now they are slowly taking on more risk.”

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