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Lending a hand: Bank opens Charlotte operation, targets homebuilders (access required)

“The builders will have to be financially qualified with effective business models and financial discipline," said Bill Bickett, who is spearheading the creation of the Charlotte-based division of the bank. "But smaller builders have had more problems getting financing. We’ll be looking at loans from $2 million to $6 million. That’ll be our sweet spot.”

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In the 
Shadows: Homebuilders say pending foreclosures harming housing recovery (access required)

Alan Banks looks back at 2006 fondly. A principal at Evans Coghill Homes in Charlotte, Banks said the company’s business has been nearly cut in half since a peak in 2006, when it built about 25 homes. This year, ECH ...

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