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Can retail lending survive today's cutthroat market?

Published Friday, May 01, 1998

Retail lenders are facing a borrower's market and fierce competition; some ask if it's a disaster waiting to happen. The question facing retail developers and investors today is not whether financing is available but whether it is too readily available. Projects that two or three years ago would have had difficulty finding a single lender willing to take them on today have four, five and six lenders battling for the deal. In the view of some analysts, this is just as it should be. To others, it's a disaster waiting to happen. "It clearly is a borrowers' market," ...

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