Chandan Economics says there are a number of reasons, starting with, surprisingly, multifamily housing for investors and lenders to be more wary of District of Columbia opportunities.
"3Q and 4Q originations have limited cushion against downside risks to space demand that might follow from government cuts," Sam Chandan tells GlobeSt.com's Erika Morphy.
The quality of some recent loans is questionable because competition for investment in the area's rising market has affected standards, Chandan said.
