Construction projects face more widespread delays and financing risks

The struggle of today’s economy is causing a greater amount of uncertainty with construction projects and their related risks, especially in terms of delays and financial risks as a result of lending organizations. Though issues with lenders have always been a concern and a consideration of brokers, newly implemented conditions complying with government agency and private lender regulations have made borrowing a greater challenge. As a result, many construction projects are now finding it difficult to obtain the financing required to get started, while others have had to halt their…

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