Search
 

What Conventional Lenders Can't Do Today

MIAMI—Will more flexible private lending now become available compared to traditional banks?

By Jennifer LeClaire | jenniferleclaire | Updated on May 31, 2017

kendall multifamily Bridges at Kendall Place sits on 15.81 acres at 8485 Hammocks Boulevard in the Kendall neighborhood of western Miami.

MIAMI—As the real estate cycle evolves, lending is becoming tighter. Securing construction loans and mortgages are taking longer as conventional lenders are increasingly cautious about the South Florida real estate market.

The Urban Institute Housing Finance Policy Center published a research note recently that sheds more light on the situation. The report cited date from the Home Mortgage Disclosure Act, revealing lower-credit applicants accounted for only 33% of all applicants in 2015. That compares to 62% in 2006, at the height of the bubble, and 50% in 2000, when market conditions were generally considered balanced.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.