By Scott Van Voorhis
The economy’s slow but steady shift from recovery to expansion has been good for banks across the Empire State as they feast on profitable commercial loans after years of relative famine.
A boom in office and residential construction and businesses looking to expand and buy new equipment has kept loan officers busy at banks from Buffalo on down to New York City.
Still, some banks are starting to take a more cautious approach to real estate lending, worried about what might happen when the market turns and some new condominium or apartment tower management find itself scrambling to sell or fill units.
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