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New Construction Needs New Lenders

All across the country, office buildings lie empty. Hotels have closed, some unsure that they will reopen. New constructions have halted, and funding grows scarce. Is this the end of our old way of commercial real estate? Or is it the birth of something new? The initial shock of the pandemic alarmed professionals across the construction loan industry. Complications resulting from COVID-related restrictions and the work from home shift halted office construction projects—lack of business …

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