Stradley Ronon Real Estate Practice Group Chair Rosenbleeth was quoted in the recent The Real Deal article, “‘High volatility’ rules irk banks, but will the Senate change them?" The article discusses the push lobbyist are looking for from Congress toward loosening the restrictions banks have when issuing debt on commercial properties and development sites.
Rosenbleeth recalls, “The lender called me up and said, 'We’re sorry but the deal is dead, we can’t go forward with it. The appraisal came back too high.'”
To read the full article, visit The Real Deal.