GlobeSt.com: How is the economy impacting retail financing?
Mozer: You can still get deals financed. I'm not saying it's easy, but there is still financing out there. Is it as aggressive as it used to be? No. You can't get a 95% non-recourse construction loan, but you can still get some recourse. And they're underwriting the take out, which is more of a 70% or 75% loan to value instead of an 80% to 90%. People are saying, "How am I going to pay if off?" Things are getting done, but most of my retail clients are telling me the tenants aren't signing up as fast.
GlobeSt.com: Are cutbacks in retailer expansion impacting any of this?
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