Experts: Money Available, Lenders Cautious

Experts: Money Available, Lenders Cautious
While the credit crisis can bring lending for development projects to a halt, Booker’s trying to drum up support from investors looking to make the biggest bang for their buck.

Although the debt and credit markets pose many challenges now, panelists at a day-long event titled the Credit Crisis: Money for Real Estate said the markets are closer to normal levels than they have been for years. Some real estate sectors in New Jersey are struggling, but the more optimistic lenders and borrowers see great possibilities in cities that are undergoing revitalization, such as Newark.

Author: Ken Walker

Husband, Father, Newarker, PCA Elder, Business Analyst. In a glass case of emotion since 1978.

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