‘’The collapse of three U.S. banks means that one of the toughest real estate lending environments in decades is about to get even tighter, adding a new hurdle to an already challenging time for dealmaking. Since last summer, rising interest rates, inflation and worries of a recession already have been slowing the pace of deals, pushing down sale prices and making developments more difficult to finance. Failures of Silicon Valley Bank, Signature Bank and Silvergate Bank will lead to further tightening of lending standards, according to real estate professionals, which could have far-reaching effects on property owners, the supply of housing and the broader economy.’’ https://lnkd.in/gNyskeje