So yes, we are trying to break the stereotype that construction lenders are not tech savvy–as we have officially started the CCS construction lending blog. Some of us went kicking and screaming, but eventually we all should embrace progress–as long as it truly is a progression.
So every week (or two) we will post something useful about our company, construction projects we are doing, or tidbits about the market. Hopefully you can be better informed about what we are doing, what construction projects are being funded out there, and maybe a better idea of the crazy construction market out there.
Feel free to comment, as I do check the comments, or feel free to email me more specific questions on construction loan scenarios, or construction lending in general. Because if this is truly to be labeled as progress, it should help you and us close more construction loans, or be more efficient in doing so.
For our first market tidbit, here is a link to the building permit numbers for Salt Lake County for December.
http://censtats.census.gov/cgi-bin/bldgprmt/bldgdisp.pl
Pretty dismal. But the good news–CCS did more volume in January 2010 than any single month in 2009–including the summer months.
Hopefully things are on the mend. Thanks for reading.
