Bill McMorrow of Kennedy Wilson views the current market conditions as a prime opportunity for selective construction lending, contrary to the general retreat of financial institutions.
Despite rising distress and declining values in commercial real estate, Kennedy Wilson stands out as a proactive lender focused on multifamily projects.
The firm expanded its lending capabilities by acquiring a construction lending team from Pacific Western Bancorp, positioning itself effectively in the current market.
McMorrow reflects on his upbringing, emphasizing a strong work ethic instilled by his parents, which propelled his success in the competitive real estate industry.
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