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Local Banks Eschew HVCRE Regulations

LOS ANGELES—In this EXCLUSIVE Q&A, George Smith Partners' Jonathan Lee talks about the local challenges surfacing from the newly rolled out HVCRE regulations.

By Kelsi Maree Borland | Updated on June 17, 2015

LOS ANGELES—In January, new high volatility commercial real estate legislation came into effect, which has been a challenge for lenders and borrowers across the country who have been struggling to understand and apply the new regulations. Adding more confusion, some local and regional banks haven’t been complying with the regulations. Jonathan Lee, a principal at George Smith Partners, has run into this issue on a few of the construction loans that he has secured on behalf of his clients. We sat down with Lee for an exclusive interview to find out about this issue. Here is what he tells us:

GlobeSt.com: For the unfamiliar, tell us a little bit about the new HVCRE legislation that came into effect in January.

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