Commercial banks and thrifts dominate many segments of the construction lending market. Especially for larger projects, construction lenders include foreign and domestic pension funds, insurance companies, and real estate investment trusts (REITs). For specific types of projects, federal, state, and local government authorities, such as the state and local industrial development authorities, housing finance agencies, the National Consumer Cooperative Bank and other agencies can paly a significant role. Financing is unique to the specific goals and circumstances of each particular project.
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