Construction

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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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Construction’s Pandemic Recovery is Green

For the first time in history, the value of oil dropped into the negatives in April. While it has recovered for now, some are predicting an incomplete recovery at best. In the greater context of post-COVID life, the safest investments will be green. Construction has faced numerous challenges since the beginning of the pandemic. Supply-chain interruptions and rising costs of materials posed a unique set of issues to the industry. While new construction has ultimately …

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