Jeff Erxleben featured in National Real Estate Investor: National banks step away from construction loans, but others fill the gap

Big banks don’t appear to be loosening the purse strings for construction loans. However, that conservative streak is creating opportunities for regional banks and bridge lenders to pick up the slack. Some of the usual players in the construction loan market—the large, national banks—are less active due to exposure concerns. “They have made a lot of construction loans through the cycle and to add one more to the queue right now is probably not what they are looking to do,” says Jeff Erxleben, executive vice president and regional managing director at capital services provider NorthMarq Capital in Dallas. There continues to be a steady flow of capital, although the big banks have tightened their hold on construction loans and are more keenly focused on serving existing clients. “Financing is available, you just have to fit the box of what a lender is looking for,” adds Erxleben. Read more about the appetite for construction loans and other lenders filling the void left by big banks.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.