The agreement with Trimont equips Amalgamated with access to top talent in loan sourcing, credit underwriting and construction loan
servicing, thereby enabling the bank to expand funding for the construction and rehabilitation of affordable homes for working families.
According to the central bank of Taiwan, construction loans
posted slow growth in Taiwan.
Bank provided a USD 43m construction loan
for the initial phase of Village at Meridian, a retail center located at North Eagle Road and East Fairview Avenue, adjacent to the new 60-acre Julius M.
Third-party construction loan
administrators provide an efficient and effective means for lenders that do not have the in-house resources and capabilities to offer construction loans
Market observers say that the obvious growth in construction loans
reflects the bullish real estate market, mainly driven by rising purchases of local properties by both Taiwanese and Chinese mainlanders due to the improving relationship between the two sides of the Taiwan Strait.
TRW REDI Property Data reported lending institutions approved construction loans
worth $147 million in Ventura County during 1995, which was down by 7.
During 2009, Umpqua Bank's mortgage division funded custom construction loans
in Oregon, Northern California and Southwest Washington.
Umpqua Bank received more than USD25m in custom construction loan
applications in the first half of 2010.
TCL is fully integratable, and simplifies the administration of construction loans
by giving lenders a way to manage relationships with service providers, automate property inspections via the Web and reduce call-center workload.
Condo construction loans
outstanding fell sharply as well, while apartment construction loans
outstanding increased slightly, with the net result of a 3% decrease in multifamily construction lending.
The current real estate correction is likely to have the biggest impact on construction loan
portfolios of banks with the most lenient underwriting standards and those whose construction loans
are concentrated in geographic areas hardest-hit by construction industry declines, according to a new special report by A.
Eli Verschleiser, a founding partner at MCG stated that ha today's market it is not a secret that it is difficult to fund ground up construction loans
, but ha the past 30 days, MCG has closed two new construction loans
for EB Developers.