Oct
03
Scrutiny of Commercial Real Estate Loans Chills Small Lenders
By
Joseph J. Lebel III, chief lending officer of OceanFirst Bank in Toms River, N.Y., which has become more selective about its lending. CreditMark Makela for The New York Times
Financing commercial property has been local banks’ bread-and-butter business for years, but a postcrisis push for loan growth prompted regulatory warnings about lax lending standards, and small banks are now shying away from the market.
A shakeout in commercial real estate is under way as some banks unwind or sell off the loans that are under regulators’ microscopes, and bankers say they are wary of making new loans…
Scrutiny of Commercial Real Estate Loans Chills Small Lenders
