Amazon’s grocery enlargement a hazard to CRE, banks fear

Shopping centers anchored by supermarkets were once a desired lending event during TowneBank. While a Portsmouth, Va., bank hasn’t pulled a block totally on them, a loan officers are really carrying second thoughts.

“Supermarket selling centers had been an appealing item category for us for a prolonged time,” pronounced Jeremy Starkey, boss of blurb genuine estate financial during a $8.4 billion-asset TowneBank.

Article source: http://www.nationalmortgagenews.com/news/amazons-grocery-expansion-a-threat-to-cre-banks-fear

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