First Union Corp. is continuing to building its real estate capital markets capabilities.

The Charlotte, N.C.-based bank has long served as an intermediary between real estate companies and investors by providing short-term construction loans. On Friday it will start underwriting such loans and marketing them to insurance companies and other institutional investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.