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Bloomberg: Bank Property Lending Retreat A Lehman Legacy: Mortgages

By Nadja Brandt, Nichola Saminather and Neil Callanan.

August 30, 2012

Seeking new sources of financing adds to the time it takes to start a project, which can jeopardize profits, said Richard Green, director of the University of Southern California's Lusk Center for Real Estate in Los Angeles.

"If you have equity partners, you as the developer don't get paid until you meet certain benchmarks," Green said in a telephone interview. "...Every day eats away at a developers profits."

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Link: Bloomberg