Could Jamestown’s Massive Loan Mean More Aggressive Lending in Atlanta?

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Last week, we reported that Jamestown’s Ponce City Market received the South’s largest construction loan since before 2008’s recession. Ponce City Market has become one of the most iconic and inspirational redevelopment projects to come out of the South in several decades, so it’s no wonder why PNC Bank and a few others were so anxious to make an investment in the project. Some CRE experts believe that overall lending will pick up across the market. As tenant needs and expectations change, we are finding that there are fewer and fewer available opportunities that meet their criteria, and lenders will start jumping in the facilitate the necessary improvements, hoping to regain the capital and then some in coming years.

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