How new apartment deals in Houston are being financed during the oil slump (HBJ)

Photo Courtesy of HBJ

Photo Courtesy of HBJ

By Paul Takahashi
Low oil prices have made it increasingly difficult for Houston developers to find financing for new apartment projects.

As crude oil prices plunged to $30 a barrel, traditional multifamily investors, such as banks issuing construction loans, have become skittish. Many institutional investors have pulled back from new apartment deals in the Bayou City.

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