Research Briefs

No Credit Crunch, but Capital Allocation Tightens for Commercial Real Estate

Submitted by lusk-admin on

LOS ANGELES -- What money is available for real estate projects is being steered toward companies with strong balance sheets, strong management, good track records and long-term relationships with institutions, according to Stan Ross, Chairman of the USC Lusk Center for Real Estate (www.usc.edu/lusk). Lenders are clearly taking a harder stance on underwriting, looking more closely at the developers, the project, the cash flow and loan-to-value requirements.