Quote SimonBarrett="SimonBarrett"Quite right!! But unless the construction company/partners are cash rich then it is a very difficult to get the money at competitive interest rates from the banks....and that is the main issue within this current economic climate!'"
Sorry mate,but it has nothing to do with the interest rates.
Money is as cheap as it has ever been and the banks are currently lending at small margins over LIBOR(one month currently at 0.88%).
The problem lies in actually providing sufficient covenant for the lend to happen.
The banking industry got itself in a mess by irresponsible lending.
Unfortunately it has now gone to the other extreme and every deal they do is "buckle and braces"