Building Industry Hawaii March 2015 - (Page 20)
FINANCING & DEVELOPMENT
Upbeat
aboutlending
Lower rates and new home construction fuels
optimism among Hawaii's financial leaders
BY BRETT ALEXANDER-ESTES
A
s commercial lending goes, so goes
Hawaii's economy.
In 2014, many Hawaii lenders
substantially increased the volume of
their commercial loans, and the state's
economy accelerated. Are commercial
loans increasing in 2015, and is the state's
economy finally taking off?
"American Savings Bank had a very
busy 2014, loaning our clients about
$250 million in new commercial real
estate loans, almost
double our 2013
activity," says Dean
Hirabayashi, American
Savings Bank senior
vice president and
commercial real estate
loans manager. "We
anticipate 2015 to be
similar."
Dean Hirabayashi
First Hawaiian
Bank, the state's largest, announced
in January that the level of its 2014
loans-$10 billion-set a new record, signaling continued improvement in the state's
economy. The bank reported clear growth
in its level of 2014 construction loans.
20 | BUILDING INDUSTRY HAWAII | MARCH 2015
Table of Contents for the Digital Edition of Building Industry Hawaii March 2015
FINANCING & DEVELOPMENT
BONDING & INSURANCE
AIRPORTS & HARBORS
INTERVIEW WITH RICK HOBSON
MULTIGENERATIONAL BUILDERS
GUAM’S NEW ZONE
News Beat
Datebook
Back in the Day
Contracts Awarded/ Low Bids
Spotlight on Success: dck-ecc Pacific Guam
News Makers
New Products
Faces: ABC Hawaii Ceremony
Faces: AIA Honolulu Kicks Off 2015
Faces: Showtime for BIA-Hawaii
Best Practices
Building Industry Hawaii March 2015
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