“Playing with the house’s money”: How buyers, sellers are closing deals

“Lenders very active in construction financing or permanent financing are now working through extensions, workouts or loan sales depending on the situation and are less focused on new development and more about mitigating losses and working through their current portfolio of loans,” he added. 

Arellano’s firm, Dwntwn Realty Advisors, is working on $40 million worth of seller financing deals.