Guidelines May Change for Commercial Lending

Article By Jim Freer Via South Florida Business Journal

Federal regulators are moving toward their potentially final review of proposed guidelines that may restrict some banks' commercial real estate lending.

The Federal Deposit Insurance Corp. and three other regulators were scheduled to take comments on the proposal through April 13.

On April 11, FDIC spokesman David Barr said he had not heard any discussion that the agencies might extend the comment period. Regulators probably will issue final guidelines this year, but do not have a timetable, he added.

As of April 11, the FDIC's Web site had posted 721 letters from bankers, including 234 from Florida with 35 from South Florida. Most asked regulators not to set caps on commercial real estate lending for their industry or any bank, and that regulators impose new lending standards only on banks where they find problems.

Read full article >

For more information on commercial real estate loans from Pacific Security Capital, visit http://www.pacificsecuritycapital.com or call 1-800-844-6085.