Lancaster PA Commercial Real Estate » Banks http://www.lancastercommercial.com Lancaster PA commercial real estate. Brought to you by John Thiry, NAI Commercial Partners Thu, 29 Dec 2011 14:39:53 +0000 en hourly 1 http://wordpress.org/?v=3.3 Local Bank Consolidation – Lending Climate http://www.lancastercommercial.com/2009/12/29/local-bank-consolidation-lending-climate/ http://www.lancastercommercial.com/2009/12/29/local-bank-consolidation-lending-climate/#comments Tue, 29 Dec 2009 15:34:43 +0000 thiryj http://www.lancastercommercial.com/?p=260 The Patriot News reports parent company of Harrisburg-based Graystone Bank to acquire First Chester County Corporation.  This action strengthens the widely held notion that Graystone Bank is currently one of the few local banks looking to do deals.  In a recent conversation, a Graystone LO recently remarked to me that “we are here and healthy” and that they are looking for deals that make sense.

These statements highlight what I see as the current commercial lending climate in Lancaster County:  You can get financing for your commercial deal if your project pencils (debt coverage ratio greater than 1.2), you have sufficient down (20% or greater) and a track record of previous success.

via Parent company of Harrisburg-based Graystone Bank to acquire First Chester County Corporation | Breaking Midstate News with The Patriot-News -.

Share

]]> http://www.lancastercommercial.com/2009/12/29/local-bank-consolidation-lending-climate/feed/ 0