Recent Trends in Real Estate Development: Fall 2023
Community and Economic Development Program of UNC
OCTOBER 30, 2023
Lending for real estate development projects: interest rates & tighter lending standards In 2022, the Federal Reserve began raising interest rates to combat inflation, which increased the cost of financing new construction for real estate developments. In 2021, for example, a developer able to secure a $5 million loan with 3.5%
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