Construction Lending: Franklin's construction program began in FY97 with a focus on residential builders. During FY07, construction loans reached its peak of about $88.0MM and currently total $31.4MM as of 6/30/13. Construction loans now make up about 6.1% of the total loan portfolio, down from 22% at 9/30/06. Included in the balance were $7.3MM of speculative construction loans outstanding. Going forward, Franklin will discontinue its builder's construction loan program as its JV comes online (commercial projects, usually triple net rentals to IG worthy tenants and multi-family will continue). The largest non-residential construction exposure was to a $13.0MM project ($7.5MM disbursed) to renovate apartment complexes in Virginia.
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Construction Lending: Franklin's construction program began in FY97 with a focus on residential builders. During FY07, construction loans reached its peak of about $88.0MM and currently total $31.4MM as of 6/30/13. Construction loans now make up about 6.1% of the total loan portfolio, down from 22% at 9/30/06. Included in the balance were $7.3MM of speculative construction loans outstanding. Going forward, Franklin will discontinue its builder's construction loan program as its JV comes online (commercial projects, usually triple net rentals to IG worthy tenants and multi-family will continue). The largest non-residential construction exposure was to a $13.0MM project ($7.5MM disbursed) to renovate apartment complexes in Virginia.
投稿情報: cheap jordans | 2013-11-11 02:51 午前
Howdy! This article could not be written any better! Looking through this article reminds me of my previous roommate! He always kept preaching about this. I am going to forward this information to him. Fairly certain he's going to have a great read. Many thanks for sharing!
Canada Goose online http://www.aapl-architects.org/Canada-goose-jacket/Canada-Goose-online.html
投稿情報: Canada Goose online | 2014-01-02 08:10 午前
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投稿情報: Canada Goose Jacken | 2014-01-02 08:11 午前