Planning and Development
To Hell With the Banks
Small builders and developers can tap a market for the right kind of homes and build them profitably right now … and they don’t need to depend on bank financing.
Back in 2005 and 2006, loan officers at our local banks here in Denver were calling my builder and developer clients to personally invite them out to lunch, or give them tickets to sporting events. How about a big dinner at a fancy steak house? “We’ve got money to lend you, with great rates and little risk,” the young loan officers would say. Today, they won’t even meet for a cup of coffee.
It Will Never Be the Same
Ideas for an Emerging Market