COVID-19

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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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Distance Work Opportunities Could Result in Mortgage Boom

According to Zillow, new work-from-home jobs could result in nearly 2 million potential home-buyers. According to the study, “Three-quarters of Americans working from home because of the coronavirus say they want to continue if given the option, and two-thirds say they would consider moving if given that flexibility.” Before the pandemic, house options were tied to job locations. Distance work now offers them options in new areas. The study focused on renters earning wages too …

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Finance’s Lessons Learned from the COVID-19 Pandemic

After months of uncertainty, we are finally beginning to see the light at the end of the tunnel following the COVID-19 pandemic. Every industry faced intense change. Some particularly stood out for their ability to adapt and even thrive during the pandemic. Outstanding resilience shown by transportation, healthcare, and food production did not go without praise. However, banking and finance still have much to learn going forward. The financial services that stood out the most …

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