TITLE

Real estate loan boom: Will banks be sorry?

AUTHOR(S)
Daniels, Steve
PUB. DATE
January 2005
SOURCE
Crain's Chicago Business;1/10/2005, Vol. 28 Issue 2, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that Chicago, Illinois's business banks have raised their bets on local real estate developers. Loans to developers and real estate investors mushroomed at many banks in the last five years amid a housing boom fueled by low interest rates. But some warn that as interest rates rise, which they're doing now, some banks could get caught with too much exposure to real estate as the boom cycle finally winds down. American Chartered, with $1.5 billion in assets, is focused mainly on lending to middle-market companies, but even it has seen its real estate loans creep up as a percentage of its total loans.
ACCESSION #
15768769

 

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