http://www.businessdirectorymanitoba.com/user_detail.php?u=Woupeeasera
Area banks remain skittisuh in the face of an unpredictable realestatwe market. “With the uncertainty arounsd real estate valuesin general, it’s quits possible that lenders are going to expect the owners to have more equity in the projectr to offset further reductions in President Kevin Barth said. “Az of now, we haven’t seen a huge reductiojn in values for commercial but it’s highly possible we will.” Barth said most developersa looking to build an income-producing propertu need to have strong, reliable tenants already linedf up, to soothe a bank’xs worries about the loan payments.
Exception are made for longtime clientx with solidtrack records, he said, but most of thosre developers are leery of taking the additional risk of buildintg a speculative project in a precariou market.
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