ULI Atlanta Blog

CRE Picking Up in Birmingham and Multifamily Leads the Charge

by Cindy F. Crawford
Editor-Birmingham Business Journal

Commercial real estate lending has picked up in Birmingham, but it’s by no means at pre-recession levels, echoed a panel of local experts Thursday at an event organized by a local startup Urban Land Institute group.

And the top loans are going to multifamily projects – a market panelists were bullish about in Birmingham, largely because of the boom of downtown development like Regions Field and its proximity to theUniversity of Alabama at Birmingham.

Tom Genetti, senior vice president of permanent loans for BBVA Compass, said he remembers the over-aggressive days of lending in the mid-2000s and how easy it was to get a loan approved by underwriters.  Read more.

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