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NZ: Bank funding getting tough for new property developers

Posted on 19 November 2010

From Nzherald.co.nz: The commercial property sector is facing a protracted return to growth, but inexperienced developers will find it difficult to gain traction as banks continue to scrutinise risk-return trade-off.
Access to funding remained a lingering consideration, and while banks were interested in funding quality projects, a lack of depth in the second tier market had encouraged stricter assessment of transactions, BNZ’s head of treasury solutions Graeme Free said……………………………………….Full Article: Source


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