Jul
08
Lenders Not Ready for Secondary Markets
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Wyman: “There’s an optimism that our industry is doing well, but the next stage could be risky.”SAN DIEGO—While they may profess optimism aboutresidential-development prospects in non-primary markets, many capital providers aren’t opening their wallets just yet, say Cox Castle & Nicholson partners Matt Wyman and Erica Bose. The two had key roles in two panels here at PCBC recently: the “Executive Roundtable” that Wyman moderated and in which Bose participated and the “Ins and Outs of Funky Financing” panel that Wyman moderated and in which he and several other speakers discussed alternative-financing sources. We spoke exclusively with the two about the key takeaways from both sessions and what to keep in mind about the topics that arose…
